R
roesler
Guest
When my mother died 25 years ago, my father soon married a woman 13 years younger. Ten years ago, she demanded to be added to the deed of his home (which is paid in full), and he agreed to do so contingent on me being added as well: so since then it's been held joint with right of survivorship by all three of us. He is now 85 and doing great, but she is 72 and has been in a nursing home the past 2 years. Right now, the home is sheltered because my father is a "spouse in the community", and he pays a small share ($100 per month, plus premiums) for her care. But, he's pretty old! If he predeceases her, what happens to the house? Is it exempt property and I just have to wait til I'm the sole survivor? Does Medicare or Medicaid (I'm not sure which one is paying for her stay) get to take the house, or can they force me to sell it and split the proceeds? If I rent it, can I just give Medicare 1/2 the income towards her care? Note that she is no blood relative to me, but her own 2 kids are no help: mention paying for her care and they run the other way, assuming I will sell my dad's house to cover it. The home is in California.
My dad also asked that I sign a "living will" or some such thing giving my stepmom the right to live in the home as long as she lives. Does that affect this situation?
My dad also asked that I sign a "living will" or some such thing giving my stepmom the right to live in the home as long as she lives. Does that affect this situation?