Posted on: 23rd Mar, 2010 12:06 pm
i have a friend that her dad was put in a nursing home and she wants to put the house into her name. Does she need to do a quitclaim deed? The realtor suggested a trust? Any suggestions?
Hi bex!
Welcome to forums!
Transfer of property now can make your friend's father ineligible for the Medicaid benefits. I would suggest your friend to have a word with an attorney and then decide about the transfer of the property. The attorney will be the best to help her decide whether she should go for a trust or a property deed.
Feel free to ask if you've further queries.
Sussane
Welcome to forums!
Transfer of property now can make your friend's father ineligible for the Medicaid benefits. I would suggest your friend to have a word with an attorney and then decide about the transfer of the property. The attorney will be the best to help her decide whether she should go for a trust or a property deed.
Feel free to ask if you've further queries.
Sussane