Posted by Beth Morris on March 15, 2007 at 18:41:17:
Thank you for the words of caution.
I looked into the situation a little more and believe that a QuickClaim Deed will take care of the problem. The home is in an impoverished area and is worth less than $15,000. Since the brother-in-law already owns half interest, it’s not worth the money to try to sell.
Am I not right?
Thanks again.
Quick re-assignment of property in Indiana - Posted by Beth Morris
Posted by Beth Morris on March 15, 2007 at 08:12:54:
My mother-in-law’s home was put as a shared property upon my father-in-law’s death to my brother-in-law with the purpose to help take care of her upon her demise or alternate care. She has recently been put in a nursing home and he is no longer willing, or able, to assist in taking care of her. Since my husband is power-of-attorney and needs to get my her name off of the property to get her signed up to Medicaid, what are his options? Can he just have the house completely signed over to his brother? Or can he have her half signed over to himself?
Thank you for your responses.
Re: Quick re-assignment - Posted by dealmaker
Posted by dealmaker on March 15, 2007 at 16:15:33:
Tread carefully here! It sounds like you’re trying to do this to qualify her for Medicaid. If that is the case I believe the law “looks back” 3-5 years to see is any assets have been moved in order to “impoversh” the Medicaid applicant.
If you MIL has assets why should the rest of us pay for her care.
Best bet is to consult an “elder-care” attorney. Someone who is intimate with the rules on this. This is not amateur hour, it’s serious business with serious ramifications for doing wrong!
dealmaker