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Asked in FL May 26, 2022 ,  0 answers Visitors: 8

moms condo

my mom is going into a nursing home, she has no assets except the condo we live in... i am joint tenets W/R/S on her condo (her son) her income is 1000.00 a month SS...whats going to happen to the condo? its worth about 30k...thank you!

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1 Answers

Anonymous
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Posted on / Aug. 29, 2008 13:30:00

Re: moms condo

If this is what you are asking, in Florida, a person may qualify for Medicaid and still own a homestead. At death the home would not be subject to any claims of Medicaid. In your case, holding the home as JTWROS, it would pass automatically at death to you.

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