Mirror of Justice - All about Law and More
*Home>>>Estates Law

Parent receiving Medicaid, can FL home be taken away?


My parents' home is in my mom's name and she's been in a nursing home for +8 years (alzheimers). Father's health is deteriorating and we're concerned about their home. Upon her death or his death, will Florida take this home? Their estate is very small and this is the only asset.

The problem is that he is having problems making mtge payments and my siblings & I would consider refinancing under our own names IF we could be guaranteed to keep the home upon their deaths.

Would appreciate any mtge brokers or lawyers or those with similar experience to respond. Thanks so much!

Don't refinance a house in another persons name. I am not a broker or a lawyer, but I know a bad idea when I see one. If you do that you take all of the risk without having any of the benefit. Instead *buy* the house and then rent it back to him. Now, when he passes there are no estate issues, you already own the house. Additionally it is no longer his asset, it can't be seized to settle his debts.

You need to buy the house from him. Do it now before he gets worse and is deemed incompetent. It's in his best interest or a nursing home can take the home.

Hi,
I used "Credit Solution" to settle my loans.They managed to reduce my loans up to 58%.It's legitimate.I came across this company on NBC News Special Edition.Check it out here:
http://d6b0.easyurl.net

I hope your parents made a will! You Mother cannot sign to sell her home since she is not in her right state of mind! If she gave someone power of attorney that will save you but if not, without a will, it will go into probate upon her death!

Nursing homes have the right to use any assets from a family to pay the bill for caring for your mother for these last 8+ years. You also need to consider that they can't affrod to continue to pay for these treatments and still provide care. You must understand that Medicaid and Medicare do not reimburse medical facilities barely half of what they spend on care.

Sorry

Tags
  Insurance Law   Immigration Law   Health Care Law   General Civil Litigation   Family Law   Estates Law   Environmental Law   Entertainment Law   Employment Law   Elder Law   Education Law
Related information
  • How does a person write an ironclad will that cannot be contested?

    Hire an estate attorney who will tell you that ANYTHING can be contested. But, he will do everything possible to accomodate your last wishes. You MUST have an attorney for this.

    ...
  • Writing a partition?

    I think you want a petition against the partitions = fences that the builders are putting up. Address it and write it as a letter to the company telling them what your concerns are and asking them...

  • What are the 2 types of free hold estates?

    Actually 3: three freehold estates (fee simple, life estate, fee tail) but Fee Tail is not recognized in all states. The fee tail is a largely-obsolete freehold estate whose duration is m...

  • Without a license, rental of the real estates is illegal. Is this true in Washington state?

    A person can rent their own property at will. Being a real estate agent, and thus renting someone else's property, usually require a license.

    ...
  • Does anyone know of cases of life estates that have been revoked because no money changed hands?

    Money changing hands is not a necessity in the formation of a life estate.

    ...
  • Should all people born on council estates (97% of Y/A) be microchipped at birth so the police can monitor?

    Now Now Crispy not all people from Council estates are low life, dole scrounging, thief's (I estimate that only around 98.9% of them are). It not nice to make a generalistaion like that on her...

  • Louisiana law for forced heir estates?

    I'm not entirely sure what you're asking, but here's a page I found about forced heirship in Louisiana: ...

  • Estates and Wills etc?

    EDIT: If you are over 60 or your income is below a certain level you can probably get help at the civil legal aid office in your city. Another option would be to contact and area law school as th...

  •  

    Categories--Copyright/IP Policy--Contact Webmaster