Legal Question in Real Estate Law in Iowa

We bought a farm from my mother-in-law on contract. We have been paying every month faithfully. We pay the taxes and the contract was drawn up by a lawyer and was signed by both parties. If she has a stroke or for some reason needs to go to the nursing home, can they take our farm to pay for her medical bills?


Asked on 5/29/10, 10:03 am

1 Answer from Attorneys
Robert Luedeman solo practitioner

I think you're asking about the effect of medicaid, and I believe there is a five year lookback concerning divestiture of assets in advance of a catastrophic illness.

Best to consult a specialist in the field, particularly if that was the reason the transaction took place. If it is a sham transaction-in other words, a sale in name only-expect trouble.

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Answered on 5/30/10, 12:30 pm


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