Legal Question in Real Estate Law in Wisconsin

Me and my mother live in Milwaukee, Wisconsin. My father passed away from cancer a year ago. Fortunately, most of the medical bills were covered by charity. My Mom has been diagnosed with early stage skin cancer. Due to low income she cannot afford medical insurance, but still requires treatments. She owns a condominium that's worth around $100,000, that mortgage has been completely paid off. That's her only asset. As of right now, there is no significant debt. She is worried that as the medical bills will continue accumulating that she might loose the condo.

Is there a way to secure the condo as an asset, so it doesn't get taken away for bills or other legal issues? Would registering the condo in my name avoid financial issues?


Asked on 11/27/10, 4:22 pm

1 Answer from Attorneys
Thomas Schober Schober Schober & Mitchell, S.C.

What you describe is referred to as "divestment of assets." To do a proper divestment of assets and still qualify your mother for benefits in a timely manner requires the use of a very experienced elderlaw attorney. There are quite a number of them in the Milwaukee area. We have three who work out of our firm's New Berlin office. This is a very complicated area, and I highly recommend you see an expert. An error in planning could cost you tens of thousands of dollars in assets.

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Answered on 12/03/10, 7:06 am


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