My father is 92 years old and has dementia. He is still living alone at home however. He may have to go into assisted living at some point, however. My sister and I are in the process of transferring the title of his house out of his name and into our names. How long does the title of his house have to be out of his name before the value of the house can't be taken if he moves into assisted living?
Asked on 8/02/10, 1:33 pm
1 Answer from Attorneys
Elizabeth Schmitz
Elizabeth S. Schmitz Attorney at Law
To qualify for Medicaid the tranfer has to occur five years before your father applies for Medicaid.
You should consult with an elder law attorney before making this transfer.
Answered on 8/08/10, 1:31 pm
Related Questions & Answers
-
Can the principal of a durable power of attorney form still do banking transactions... Asked 7/10/10, 6:32 pm in United States Ohio Elder Law
-
I am 50 yrs old. My parents are 77 and 85. They do not communicate their financial... Asked 7/08/10, 12:17 pm in United States Ohio Elder Law
-
Can you have financial and medical power of attorney for an elderly parent who does... Asked 7/07/10, 1:04 pm in United States Ohio Elder Law
-
My grandmother is now in a nursing home. She appointed my uncle, her son, power of... Asked 6/10/10, 11:03 am in United States Ohio Elder Law
-
My sister got my mom to sign her home over to her 1 month before she died, and I was... Asked 6/07/10, 11:33 am in United States Ohio Elder Law
Looking for something else?
10,200 active attorneys ready to answer your legal questions today.
Featured Attorneys
Earn additional revenue and grow your business.
