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Hello,
My parent used a Quit Claim Deed to transfer the property to me (in 2006) reserving a Life Estate, can the state of residence (MN) have access to the property if my parent happens to need Long Term Care? Can I sell the property while my parent still lives in the house?

Does the deed supercede a statute of limitations made by the state?

jameshogg · Posted: Tue Jun 21, 2011 10:19 pm Post subject:

Hi maggiepie,

If your parents agree, then you can sell off the property. However selling off the property may make your parents ineligible for Medicaid benefits for around 5 years.

Thanks

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