Selling Home

Discussion in 'Selling of Home' started by brunn2, Jul 17, 2015.

  1. brunn2

    brunn2 Newbie

    My mother will soon be going from a rehab facility to a Personal Care facility. She has limited money and will have to sell her house to pay for the PCF. The sale will put her over the $80,000 limit. Should I wait to apply for A&A until her asset limit is below $80,000?
  2. vetadmin

    vetadmin Administrator Staff Member

    It will depend on how much she gets for the house, and how much her monthly care is along with whatever income she receives monthly.

    It's a math equation where the VA is looking to see if she reasonably has enough assets to last her anticipated lifetime at her current rate of spending for care.

    Look here on the forums under the Tips and Resource tab for the Countable Income formula to help you have a better idea of where she stands.

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