Can’t I Just Deed the House to My Child and Apply for Medicaid?
It is certainly possible for a parent to sign a deed transferring complete title of the parent’s home to a child. However, the parent should be very sure he or she understands the ramifications of...
View ArticleShould I Borrow Against My House to Pay the Nursing Home?
It is not too unusual for a child to try to cover the cost of a parent’s nursing home stay by taking out a home equity loan against the parent’s house. Wise move or not? Let’s assume Daughter took out...
View ArticleDoesn’t Medicaid Exempt $12,000 per Year Gifts?
Many people are aware that there is some exemption for gifts, but the details are a little hazy. Usually it goes something like this, “I thought there was a $10,000 per person exemption for gifts, so...
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