Posted on: 08th Dec, 2010 09:45 am
My husband and Myself are going to be without health insurance for 1 year if we quitclaim are home to our daughter giving us living rights undeath if a medical emergency happened in this year could they take our home. We do still have a mortgage for five years.
Welcome faye,
Transfer of property now will make you ineligible for Medicaid benefits for the next 5 years. This is because Medicaid has a look-back period of 5 years. However, if ladybird deed is legal in your state, then you can use it to transfer your property to your daughter. This will not make you ineligible for Medicaid benefits.
Transfer of property now will make you ineligible for Medicaid benefits for the next 5 years. This is because Medicaid has a look-back period of 5 years. However, if ladybird deed is legal in your state, then you can use it to transfer your property to your daughter. This will not make you ineligible for Medicaid benefits.