What is the name of your state (only U.S. law)? new hampshire
My mother had her half of the house in an irrevocable trust fund. She then went into a nursing home and was denied medicaid on the grounds that the house was an asset. They advised taking the home out of the trust. I did this and I now have 2 deeds. One transfers the deed from myself to myself and my mother, the other transfers myself as sole trustee to myself.
Medicaid says I can now put the house in my name. I cannot discover if they put a lien on the house but I am confused as to the ownership. The wording makes it sound like I now own 3/4 of the home. If I transfer the house into my name (under the caregiver law) would I have to pay medicaid market value or anything at all?
My mother had her half of the house in an irrevocable trust fund. She then went into a nursing home and was denied medicaid on the grounds that the house was an asset. They advised taking the home out of the trust. I did this and I now have 2 deeds. One transfers the deed from myself to myself and my mother, the other transfers myself as sole trustee to myself.
Medicaid says I can now put the house in my name. I cannot discover if they put a lien on the house but I am confused as to the ownership. The wording makes it sound like I now own 3/4 of the home. If I transfer the house into my name (under the caregiver law) would I have to pay medicaid market value or anything at all?