Selling a house

Guest 0.10 Dollars($)

I was needing to know if you can help... I currently live with my wife in her granmothers house...her grandmother is in a nursing home...We pay the mrtg on the home...She can not sell the home to us because if she does it will count a income and she will loss her medicare and will not be able to live in the nursing home...I was alos informed that when she dies then the home will be owned by the state because of medicare...If she signs a quikclaim deed then will that stop the state from taking the home upon her death and will it not count as income? Thank You!

Guest 0.10 Dollars($)

Chris,

Guest 0.10 Dollars($)

If the home is exempt then she can gift it to you. But as a donor she will have to make a written statement that if she has left then she would intend to return. Then she can continue to receive the aid even after gifting you the home. Claim of reimbursement of benefits at death can be only against assets that remain in her estate at the time of death. And as the house would be transferred it will be beyond the reach of claims.

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