Posted on: 05th Sep, 2008 05:52 pm
Mother is in an assisted living facililty for dementia. We made the mistake of putting her name on the deed when we purchased this house, six years ago. This was to give her a sense of safety. She was to live with us forever. After we moved her in we realized she had something seriously wrong. Doctors diagnosis was dementia. So 14 months later we had no choice but to place her in a facility. She has enough assets to provide care for about 10 years. However if she lives longer than that we may lose the house to medicaid. Can I use the poa to do a quitcalim to save our house, and avoid the 60 month look back period? Is this legal/ethical?
With a power of attorney, you can sign a deed on behalf of your mother. This is legal. The look back period is 5 years, last time I checked.
Ethical? You have to ask yourself.
Ethical? You have to ask yourself.