Posted on: 10th Mar, 2009 08:01 pm
My mothers has dementia and is needing continuous care for ADL's. My family lives downstairs and I would like to take posession of the house, which has no mortage or leins. We live in Ohio and I fear if I place my mom the gov will come after the house since we are under the 5 year time frame for which they would not come after the house. The house is willed to me and my sister. She died in November. So, quit claim or warranty deed?
Hi smorpls,
Either a quitclaim deed or a warranty deed will do. But as there is no mortgage or lien on the property, I think a warranty deed would be the better option. However, sice you have mentioned you are under 5 year time frame, I'm not quite sure whether such a transfer would be considered as valid or as a fraudulent conveyance.
Either a quitclaim deed or a warranty deed will do. But as there is no mortgage or lien on the property, I think a warranty deed would be the better option. However, sice you have mentioned you are under 5 year time frame, I'm not quite sure whether such a transfer would be considered as valid or as a fraudulent conveyance.