Home arrow Mortgage Forums arrow Loan Talk for First Time Home Buyers arrow

mom lives in home dad lives in tennessee can nursing home take home

Author Message
Icon Mini Profile vpepper231





Joined: 15 Apr 2011

Posts: 1

1.29 Dollars($)
Post Posted: Fri Apr 15, 2011 4:10 pm    Post subject: mom lives in home dad lives in tennessee can nursing home t
Like 0
Dislike 0

my mother lives in MI my dad lives in Tennessee if my dad
goes in a nursing home in Tennessee can the home put a
lean on the home that my mother is still living inhe has bean out of the house for two years if we by his haff of the
home will that keep the home down thear from taking it if
he goes to a home
thank you
Icon Mini Profile adonis
adonis




Joined: 22 Oct 2005



Posts: 10562
Location: ALASKA
1089.18 Dollars($)
Post Posted: Mon Apr 18, 2011 12:04 am    Post subject:
Like 0
Dislike 0

Welcome vpepper,

If you and your mother buy your father's share in the property, then the nursing home won't be able to come after the property. However, transfer of property now may make him ineligible for any Medicaid benefits for the next 5 years.

_________________
Procrastination is the enemy of your financial success
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

 
Highlights

Bookmark this page

Helpful References

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


Calculators

     [View all]
Are you eligible for loan?
How much you can afford?
Calculate monthly payment
Calculate APR


Financial Tools

Credit Repair Tool New
Mortgage Planner
Simple Budgeting Tool


Our Community

MortgageFit Blog
Community Professionals
Community Rewards
Introduce yourself
Website tools


Community Rewards

Five simple ways to earn money with the Mortgage Community.

MortgageFit on Twitter

Followers (252)











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 0.042 seconds.