My widowed father-in-law quickdeeded his house to my wife as co-owner in Tennessee. Is there a downside to this? I've hear...Read more
That’s problematic if the house is in a Medicaid qualifying trust. However, depending on the terms of the power of attorney, it may be possible to undo the transfer. That might take court action in order not to mess up the title to the property. I strongly recommend that your mother consult with a local elder law attorney who can look at the trust and let her know her rights.
For more on Medicaid and trusts, click here.
Local Elder Law Attorneys in Ashburn, VA
Mindy Felinton concentrates in the areas of Medicaid planning, Veterans' Benefits, asset protection, nursing home planning, elder law, wills, estate planning, trusts, living wills, powers of attorney, probate administration and trust administration and began her legal career 30 years ago as an Assistant State Attorney...
Judith Mtinick is well known for acting as a guardian, conservator, trustee or agent on behalf of clients or by court appointment. This experience gives her a wide perspective and extensive practical knowledge that she uses when advising clients in drafting their planning documents. Her experience, as a court appointed...