Posted on: 10th Jan, 2011 04:39 pm
I signed a quick claim deed a year ago. I'm 67 yrs old... If I should end up in a nursing home, can they take from my house to pay the nursing home expenses. Is there a waiting period after signing a deed because before they can touch my home?
Hi Jeanne!
Welcome to forums!
If you want to receive Medicaid benefits, then you'll have to wait for 5 years as there is a lookback period of 5 years. Any transfer of property within the last 5 years can make you ineligible for Medicaid benefits.
Feel free to ask if you've further queries.
Sussane
Welcome to forums!
If you want to receive Medicaid benefits, then you'll have to wait for 5 years as there is a lookback period of 5 years. Any transfer of property within the last 5 years can make you ineligible for Medicaid benefits.
Feel free to ask if you've further queries.
Sussane
Sussane,
Thank you for the information. I was very helpful.
Jeanne
Thank you for the information. I was very helpful.
Jeanne