Iowa
My grandfather owns a house with his sister that they rent. (Got it from their parents when they died) My grandfathers health has gone down hill and in order for him to be in a Skilled Nursing/Rehab center within 3 hrs of any family, he needs to financially qualify for it. He does not since he owns the house. He would qualify, however, if he did not own the house. Their is a lien on the house (no one is sure how much). Is it possible for him to do a quit claim deed to either his sister and just give her the whole house. Or to one of his children so that he can get the financial assistance he needs for medical costs?
Also, if this is possible, how long does it take? Does it cost a lot of money?
My grandfather owns a house with his sister that they rent. (Got it from their parents when they died) My grandfathers health has gone down hill and in order for him to be in a Skilled Nursing/Rehab center within 3 hrs of any family, he needs to financially qualify for it. He does not since he owns the house. He would qualify, however, if he did not own the house. Their is a lien on the house (no one is sure how much). Is it possible for him to do a quit claim deed to either his sister and just give her the whole house. Or to one of his children so that he can get the financial assistance he needs for medical costs?
Also, if this is possible, how long does it take? Does it cost a lot of money?