Can a Mother Give Her House to Her Caregiver Son?
Mom went in nursing home three years ago and has been private pay. Her son has lived with her since 1992. She became unabl...
Read moreFor tax purposes, your friend is probably better off inheriting the home, but in terms of Medicaid liens she may be better off having it transferred to her before her father's death. However, she needs to have lived with and cared for her father for two years in order to qualify for the “caretaker child” exception to Medicaid's usual penalty period for transferring assets. Since there is no one-size-fits-all answer, I strongly recommend that your friend consult with a local elder law attorney.
For more on Medicaid's transfer rules and exceptions to them, click here.
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Mom went in nursing home three years ago and has been private pay. Her son has lived with her since 1992. She became unabl...
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A husband and wife sold their condo. The husband is a Medicaid recipient who moved into a nursing home a month before the...
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My father-in-law is in a nursing home in our small community. Of course he gets social security and a pension. He has had...
Read moreMedicaid Rules, etc