Posted on: 28th Jul, 2013 03:37 pm
I have a durable power of attorney for my father, who has Alzheimer's Disease. The POA grants me the ability to handle any real estate issues on his behalf. Can I transfer the house to my name so he doesn't lose it if he has to go into full time care?
Hi wakkakitty,
As you have the POA in your name, then you can definitely get the property transferred in your name. However, to be on the safer side, you should take the opinion of the attorney in this regard as well.
Thanks
As you have the POA in your name, then you can definitely get the property transferred in your name. However, to be on the safer side, you should take the opinion of the attorney in this regard as well.
Thanks
Hi wakkakitty!
Welcome to the forums!
James is right in saying so. A POA will definitely help you get the property transferred in your name.
Feel free to ask if you've further queries.
Sussane
Welcome to the forums!
James is right in saying so. A POA will definitely help you get the property transferred in your name.
Feel free to ask if you've further queries.
Sussane
You can transfer the property to yourself as POA, but it can be declared a self-dealing transfer and voided by a court if someone challenged it. If you are trying to cheat Medicare by lowering his net worth, they go back 5 years, so you won't accomplish anything by the transfer.
