@M-MTax wrote:
@Opus 17 wrote:
The wrong move might cost your son his house.
Yeah, well, if that's the primary concern, then @user17524531726 should simply execute a QC deed from her to her son....easy, simple and straightforward.
I am not an elder care lawyer, but as it was explained to me (by an attorney when my parents did their estate planning), if the parents need to go on Medicaid, any large gifts made in the previous 5 years will affect Medicaid eligibility. So even a simple quitclaim deed could cause a real problem, if the parents need long term medical care in the next 5 years. Maybe they are perfectly healthy. But that's why I would recommend a professional consultation.
