Keep In Mind MediCal Wants Pay Back From That Redwood City Estate

I am not a lawyer and do not play one on TV. If you are in this position PLEASE CALL YOUR PROBATE OR TRUST LAWYER to determine how to deal with this situation.

I got a call from a nice young man who asked me to help sell his grandmother's home in Redwood City. The grandmother had recently passed and the young man lives in Modesto so he wanted to sell the home. He was appointed the Personal Representative of the estate and had full authority to sell the home.

The home is worth about $300,000, there is a mortgage of $100,000 and a MediCal bill of $180,0000, going back to 1992. So in effect, even though he is the sole heir to the estate, he will not receive any money for the sale of this home.

You may ask yourself "A MediCal bill? What is that about?"

In order to receive MediCal benefits you cannot have enough assets to pay your medical bills. You may own a home which you will not have to sell while you are alive, but once you die, the home will have to be sold to pay off the MediCal bill, or as much as is possible after the mortgage and estate settlement costs are paid.

If you do not own a home, or have other assets MediCal will not be paid back.

It is a very good idea to discuss with your lawyer and relatives how you are going to deal with this issue before you go into a nursing home or pass.

As a Redwood City Trust and Probate Real Estate Agent, I am not going to tell you what to do with your home before you pass, but you should talk to a lawyer about what the options are for your family, or loved ones, or charity before it is past the point where that discussion is pointless.

If you have any questions about Trust or Probate Sales in San Mateo or Santa Clara County, please feel free to contact me.

Marcy Moyer
Keller Williams Realty
www.marcymoyer.com
marcy@marcymoyer.com
650-619-9285
D.R.E.  01191194