Posted on: 06th Mar, 2010 01:49 pm
Uncle has gone into a assisted living facility and will probably run out of funds in next 14 months. He has a piece of property he would like to Quit claim to grandson.
Value around 5 thousand. Is there a problem doing this.
Value around 5 thousand. Is there a problem doing this.
Hi patjkey!
Welcome to forums!
Is your uncle receiving medicaid benefits? If yes, then transfer of the property would lead to the starting of "look back period" and your uncle may not be able to receive medicaid benefits for next 5 years.
Sussane
Welcome to forums!
Is your uncle receiving medicaid benefits? If yes, then transfer of the property would lead to the starting of "look back period" and your uncle may not be able to receive medicaid benefits for next 5 years.
Sussane