Buying house from individual on Medicaid

[John Daniels]

Hi All,

I know this might be a long shot and I know I will need to consult a lawyer that specializes such a case but I will see if anyone else has seen this before.

I have a possible deal with a single elderly lady who is bipolar and lives in an assisted living facility.  She is on medicaid and wants to sell her house.  She does not want to loose her medicaid benefits.  It is believed that a check from the sale of property would cause her to loose the benefits.  And it is my understanding that if she just gifts it to me and I pay her cash I can not write off the purchase price.

Any thoughts on this?

Thanks.