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Subject:  Re: transfer of house title Date:  10/8/2013  8:07 AM
Author:  GWPotter Number:  119275 of 127548

My MIL wants to do this for 2 main reasons:

1) To hopefully not lose her house if she goes into a nursing home for a lengthy amount of time

The proposed action cannot likely be undone - so be certain.

Each state had operational differences with regard to Medicad, but I believe all have at least a three year Look Back period. Assume your MIL's look back is three years. If in 2 years she need a nursing home, Medicare will cover up to 30 days if she comes there from a hospital. Medicaid will "see" she paid property taxes and owned property less than 3 years ago. They will require her to pay the nursing home costs up to the value of the house before she can get a dime of Medicaid funds - that would not be the cost of the house to your MIL, but the market value. Just where will those funds come from is something you might want to consider whether you or anybody else happens to have title to the house.
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