Legal Question in Real Estate Law in New York

Terms of a Life Use Deed

I own two houses, one in which I live and the other where my father resides. I am considering changing the deed of the second house to a Life Use Deed, adding my father. Before I do this I would like to know what will happen if he should become ill and need to apply for medicaid. Will State/County be able to demand money or, depending on period of time on medicaid, take the house from me in repayment?


Asked on 1/31/01, 12:38 pm

1 Answer from Attorneys
Michael Markowitz Michael A. Markowitz, PC

Re: Terms of a Life Use Deed

No. Your father would have no ownership rights to the property.

In the alternative, you can enter into a long term lease with your father, conditioned on his life. The lease should be filed with the County Clerk. It will have the same effect.

Mike.

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Answered on 3/15/01, 8:28 am


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