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Medicaid Life Estate of Family Member's Home for Actuarial Value

Buy Life Estate in Home

The new law permits individuals to purchase a life estate in the home of some other individual (presumably family member). For example, an applicant can purchase a life estate in the family member's home for the actuarial value of the life estate. The individual, however, must reside in the home for at least one year after the purchase for it to qualify.
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