Home arrow Mortgage Forums arrow Deeds, Property Transfer and Estate Planning arrow

warranty deed

Author Message
mary4770

Guest







Post Posted: Thu Oct 13, 2011 4:59 pm    Post subject: warranty deed
Like 0
Dislike 0

in 2003 my parents made out a warranty deed on their house , dad died,mom now needs medicaid, should my brother file this deed now?
_________________
Need help choosing the right loan? Get free consultation from community lenders/consultant
Guest









Post Posted: Thu Oct 13, 2011 7:15 pm    Post subject:
Like 0
Dislike 0

Hi mary!

Welcome to forums!

It would have been better if your brother could have filed the warranty deed in 2003. Nevertheless, he should now file the deed immediately. However, filing the deed now may make your mother ineligible for the Medicaid benefits for the next 5 years.

Feel free to ask if you've further queries.

Sussane

_________________
Need help choosing the right loan? Get free consultation from community lenders/consultant
Icon Mini Profile smithsussane
smith.sussane




Joined: 18 Sep 2008

Posts: 10439
Location: Alaska
985.83 Dollars($)
Post Posted: Thu Oct 13, 2011 7:16 pm    Post subject:
Like 0
Dislike 0

It was me above... Just forgot to login!!
Icon Mini Profile sabrinatoss
sabrinatoss
Community Expert
Community Expert



Joined: 16 Jan 2011

Posts: 516
Location: Australia
82.74 Dollars($)
Post Posted: Thu Oct 13, 2011 10:39 pm    Post subject:
Like 0
Dislike 0

Hello mary,


A warranty deed should contain an accurate description of the property being conveyed, be signed and witnessed according to the laws of the state where the property is located, and be delivered to the purchaser at closing. The deed should be recorded by the buyers of the property at the public records office, which is usually located in the county courthouse. Recording a deed gives "notice to the world" that a particular piece of property has been sold.

Idea

_________________
Home Loan, Mortgage Insurance Calculator, Mortgage Broker
Icon Mini Profile raymond
raymond
Community Expert
Community Expert

best lender badge

Joined: 03 Jul 2009

Posts: 1191
Location: Irvine, California
28.24 Dollars($)
Post Posted: Sun Oct 16, 2011 10:02 am    Post subject:
Like 0
Dislike 0

>>should my brother file this deed now?

No, don't transfer of any assets because Medicaid will be impacted. You should review your Mother's situation with an Estate Planning Attorney, and she'll tell you how to handle your Mother's assets. It's really important to get a local Attorney who knows the Medicaid guidelines well.

_________________
Raymond Denton
www.RaymondDenton.com
anabolics

Guest







Post Posted: Tue Oct 18, 2011 2:37 am    Post subject:
Like 0
Dislike 1

Your blog post offers the same submit as another article author but i much like your far better.
Maitslepritte

Guest







Post Posted: Tue Oct 18, 2011 2:45 am    Post subject: Футболки
Like 0
Dislike 1

Футболки с рисунками и надписями.
Прикольные футболки и майки.
Для тебя, для друзей, для всех.
Заходи, выбирай, покупай.
Quick Reply
Your Name
Subject
Image Verification


Can't read the image? click here to refresh
Message body

All times are GMT - 7 Hours
Page 1 of 1

 
Refinance Quotes
Call for Rates
888-485-7561
Speak to a lender now.

We will match calls to our toll free number with our network of lenders.

Ask Questions
Community Attorney
Joshua Heard - Attorney Joshua Heard
Houston, Texas






Highlights

Helpful References

Mortgage Guide
Mortgage Terms
Mortgage News
Book Center
Shop and Compare lenders
30 Yr. Fixed Vs. 5/1 ARM


Our Community

MortgageFit Blog
Community Professionals
Community Rewards
Introduce yourself
Website tools


Community Rewards

Five simple ways to earn money with the Mortgage Community.

New and upcoming tools
Credit Repair Tool New
Mortgage Planner
Simple Budgeting Tool







We have chosen to apply the Creative Commons Attribution License to all works we publish. This work is licensed under cc by 2.0
Page loaded in 0.090 seconds.