Posted on: 01st Feb, 2011 07:29 pm
Can I quitclaim my house to my wife without asking the lender. The house and the loan have both of our names on it. I am in need of Medicare but if I die the state will lean our house and my wife may be in a bad situation. We are both old and have no equity in the house.
Welcome Morris,
You can quitclaim your property to your wife. But after the property transfer. you may become ineligible for Medicare benefits for some years. So, you should have a word with your attorney and then take any decision.
You can quitclaim your property to your wife. But after the property transfer. you may become ineligible for Medicare benefits for some years. So, you should have a word with your attorney and then take any decision.