Removing name from Deed

[RightThingToDo]

What is the name of your state? NE..... I would like qualify my mother to receive state assistance. What I've learned about the requirements is the receiptant can not own property, or an excess amount of funds. My mother's home is owned free and clear, and receives monthly retirement and social security checks. My mother and her childrens name are listed on the Deed. What advice can be given as to the removal my mothers name from the deed but leave the childrens names on the Deed as my mother wants. Would a different type of ownership be a better. I don't know what to do that's in mothers best interest. Thanks


RightThingToDo

[efflandt]

If someone attempts to give away or reassign their property within a certain time of applying for state assistance, that may be considered fraud and negated. As long as she has assets, they should be used for HER support.

[JETX]

Originally Posted by RightThingToDo

I would like qualify my mother to receive state assistance. What I've learned about the requirements is the receiptant can not own property, or an excess amount of funds. My mother's home is owned free and clear, and receives monthly retirement and social security checks. My mother and her childrens name are listed on the Deed. What advice can be given as to the removal my mothers name from the deed but leave the childrens names on the Deed as my mother wants. Would a different type of ownership be a better. I don't know what to do that's in mothers best interest. Thanks

I doubt that any RESPONSIBLE member of this forum will help you to commit fraud... even with a name like 'RightThingToDo'!!

[Ohiogal]

Quite frankly if your mom owns the house free and clear then you children should quit claim it back to her so that she could get a reverse mortage and live off the equity in the home. As long as she is over the age of 62 that would work. It would also be legal -- which your question is not. Of course then you kids wouldn't receive a free home but if the home is really your mother's and you are looking out for her best interest then the reverse mortgage would be it. When she dies or sells the house, the reverse mortgage gets paid off.
And as Jetx said -- no one here will help you commit fraud. It is NOT the right thing to do.