gilbert5
Oct 22, 2007, 06:12 PM
RE: State of Maine Recovery Act for Medicaid
I have been told by the State of Maine, that they allow the administrator of the estate to receive a 'reasonable' fee for estate administration. I am the administrator.
My mother received medical benefits from the State, and under their Recovery Act, the family home will be sold to reimburse them for those benefits. I am told that once the house is sold, certain items are deducted from the proceeds of the sale BEFORE the state either a) takes their full share or b) accepts what is left as payment in full. One of those items is an administration fee.
Can someone provide me info as to how to determine what is 'reasonable'? I have spent many hours clearing and cleaning the house of it's contents, preparing the house for a Maine winter, as well as filing probate and taking care of funeral arrangements.
The house is expected to sell for between $110,000 - $140,000. This info was provided to me as an estimate by a realtor and was done without an appraisal. When the house is actually ready to be put on the market, I will of course, seek other opinions as to its value. When listed, the State will receive a copy of the listing to satisfy them that there's no 'hanky panky'.
Any help would be greatly appreciated.
I have been told by the State of Maine, that they allow the administrator of the estate to receive a 'reasonable' fee for estate administration. I am the administrator.
My mother received medical benefits from the State, and under their Recovery Act, the family home will be sold to reimburse them for those benefits. I am told that once the house is sold, certain items are deducted from the proceeds of the sale BEFORE the state either a) takes their full share or b) accepts what is left as payment in full. One of those items is an administration fee.
Can someone provide me info as to how to determine what is 'reasonable'? I have spent many hours clearing and cleaning the house of it's contents, preparing the house for a Maine winter, as well as filing probate and taking care of funeral arrangements.
The house is expected to sell for between $110,000 - $140,000. This info was provided to me as an estimate by a realtor and was done without an appraisal. When the house is actually ready to be put on the market, I will of course, seek other opinions as to its value. When listed, the State will receive a copy of the listing to satisfy them that there's no 'hanky panky'.
Any help would be greatly appreciated.