V
VictorO
Guest
Last week I wrote and received a couple of replys, however i am not sure that I made my situation clear so i wanted to re-post and see if anyone had advice.
I am Power of Attorney over my great aunt. She is 88 years old. Six months ago, I had her sign a legal document from my lawyer that sold her house to me. I paid her one (1) dollar and the title is now in my name. I didn't want her to lose her house if she had to be placed in a long-term care facility. Someone told me that the house had to be in my name for two (2) years or the facility could take possession and use the money from the sale for her care debt. What if I sale the house to another individual that is interested in purchasing it? The value is approximately $60,000, the deed is only in my name. What recourse would a long term care facility have?
I am Power of Attorney over my great aunt. She is 88 years old. Six months ago, I had her sign a legal document from my lawyer that sold her house to me. I paid her one (1) dollar and the title is now in my name. I didn't want her to lose her house if she had to be placed in a long-term care facility. Someone told me that the house had to be in my name for two (2) years or the facility could take possession and use the money from the sale for her care debt. What if I sale the house to another individual that is interested in purchasing it? The value is approximately $60,000, the deed is only in my name. What recourse would a long term care facility have?