Do We Have to Sell My Mother's House for the Tax-Assessed Value to Avoid a Medicaid Penalty?

Selling below the tax-assessed value shouldn’t be a problem. The tax assessment is just one measure of value. The better measure of value is what you can get on the open market. But check with a local elder law attorney to make sure your state Medicaid agency doesn’t have a perverse stance on this. To find an attorney near you, go here: http://www.elderlawanswers.com/elder-law-attorneys