Legal Question in Real Estate Law in Indiana
The house was put in my name in 1980. My mom has a life estate. She is 86. She is in a nursing home in another state. Do I have to sell the house? If so,, what percent will she receive. She has collected rent money on this house since the 80's.
Thank you for you help.
Asked on 6/17/14, 5:11 am
1 Answer from Attorneys
Kenneth Wilk
Rubino Ruman Crosmer & Polen
You probably don't need to sell the house. However, if your mother has applied for and is receiving Medicaid, Social Security may have a lien against the house for what they've paid. You might have also been required to declare the rent money as income on mom's income taxes. You had best consult with a local attorney who specializes in elder law before you do anything further.
Answered on 6/17/14, 1:43 pm