Posted on: 06th Nov, 2006 10:18 am
a piece of property is quit claim deeded 14 years ago and recorded but a clause was put into the quit claim deed "retaining a life estate". the property cannot be sold as long as this person "retaining a life estate" is alive. however, is this property subject to medicaid review if the person who quit claimed it is in a nursing facility and is applying for medicaid? the person who accepted this quit claim deed had it recorded 14 years ago is now paying taxes and upkeep on it. will the governement expect the sale of this property to pay for medicaid loss? why should the person maintaining this property invest time and money into the property if there is a chance this should happen? this property is not a primary residence. it is a summer home. note: the quit claim deed was drawn up by an attorney and recorded 14 years ago. this is a father and son relationship.