In-Laws want to take property out of their names

[jaded_rose]

What is the name of your state? Missouri

My mother-in-law has discussed with me recently that she was told that a nursing home can take their property if either her or my father-in-law end up in a nursing home. She says she is trying to talk her husband into taking everything out of their names and he doesn't want to.
I'm a little concerned that this is a way for my brother-in-law to get everything in his name so my husband and their 2 sisters will get nothing once their parents are gone. If my husband's brother sits down with his dad and tells him it's what he needs to do, he will do it.
Is it true that the nursing home will have the right to claim their property if they need to go into one?

 

[anteater]

What is the name of your state? Missouri

My mother-in-law has discussed with me recently that she was told that a nursing home can take their property if either her or my father-in-law end up in a nursing home. She says she is trying to talk her husband into taking everything out of their names and he doesn't want to.
I'm a little concerned that this is a way for my brother-in-law to get everything in his name so my husband and their 2 sisters will get nothing once their parents are gone. If my husband's brother sits down with his dad and tells him it's what he needs to do, he will do it.
Is it true that the nursing home will have the right to claim their property if they need to go into one?

Who do you think is going to pay the nursing home if it is necessary?

 

[jaded_rose]

They have money saved.

 

[lwpat]

I'm a little concerned that this is a way for my brother-in-law to get everything in his name so my husband and their 2 sisters will get nothing once their parents are gone

You should be more that a "little" concerned. They need to consult an elder care attorney and be sure everything is done correctly. Living wills, wills, POA's etc. There are a lot of issues. I would suggest that your husband make arrangements for his parents to consult with an attorney and that all the siblings split the cost. It will save all of you in the long run. If the parents are in good health, they need to go by themselves. Then be sure that originals of all the paperwork is retained by the attorney. I have seen too many cases where the will disappeared.

 

[BelizeBreeze]

They have money saved.

Two Words:

MEDICAID FRAUD

 

[pojo2]

They have money saved.

Great then the residents of their state will not have to pay up for them!

 

[jaded_rose]

Does anyone have an answer to the question about whether or not their home can be taken?

 

[BlondiePB]

Does anyone have an answer to the question about whether or not their home can be taken?

You answered your own question.

They have money saved.