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Do you have to sell your home when you move into long-term care?

On Behalf of | Apr 16, 2024 | Long Term Care Planning

Before Massachusetts residents move into long-term care communities, they often face the question of what will happen with their homes.

For example, what if you want to leave your home to your children? What if you have a spouse who still needs to live in the home?

Your children

One option is to transfer ownership of the home to your children through a legal mechanism such as a deed transfer or a trust. However, the potential implications of this decision include tax consequences and eligibility for government assistance programs.

Your spouse

If you have a spouse who still needs to live in the home while you move into long-term care, there are protections in place. In Massachusetts, spouses have certain rights regarding the primary residence, which may include the right to remain in the home even if one spouse requires long-term care.

Also, Medicaid and other government assistance programs have provisions to prevent the forced sale of a home when a spouse is still residing there. However, it is important to understand the specific eligibility requirements and seek guidance as necessary.

Alternative options

For individuals who prefer not to sell their homes, there are alternative options to consider. Renting out the property can provide a source of income to cover long-term care expenses while allowing the individual to retain ownership. However, becoming a landlord comes with its own set of responsibilities and considerations.

Another option is a reverse mortgage, which allows homeowners to access equity in their homes while continuing to live there. However, reverse mortgages have strict eligibility requirements and may not be suitable for everyone.

Ultimately, many variables may affect the decision to sell a home in Massachusetts. By understanding the options, you may be able to navigate the process with peace of mind.


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