Posted on: 12th Aug, 2008 05:00 pm
My Father and I bought a house together. We used his name to get the loan for the better interest rate. He made the down payment and i've made the monthly payments and paid the taxes. He is getting older and keeps having mini strokes. In case he has to go to a nursing home we was wondering if he could quit claim me the deed so that i won't lose the house.
Thank you
Thank you
Hi Guest.
Welcome to the forum.
I think your father can use a Ladybird deed to transfer the property to you. It will help you to avoid the medical claims. You can consult with an attorney whether it is applicable in your state. Know more about the topic ladybird deed and Medicaid. Hope it helps. Feel free to ask if you have any further questions.
Best of luck,
Larry
Welcome to the forum.
I think your father can use a Ladybird deed to transfer the property to you. It will help you to avoid the medical claims. You can consult with an attorney whether it is applicable in your state. Know more about the topic ladybird deed and Medicaid. Hope it helps. Feel free to ask if you have any further questions.
Best of luck,
Larry