The elderly and nursing homes

[dazdndcnfd]

I have an elderly grandmother who has no other assests execpt for her house. We recently moved in to take care of her. She has now gotten to the point were she needs to go into a nursing home and I know that if she does they will take the house to pay for her care. My question is this: What can we do so we can put her where she needs to be without being homeles?

 

[I AM ALWAYS LIABLE]

<BLOCKQUOTE><font size="1" face="Verdana, Arial">quote:</font><HR>Originally posted by dazdndcnfd:
I have an elderly grandmother who has no other assests execpt for her house. We recently moved in to take care of her. She has now gotten to the point were she needs to go into a nursing home and I know that if she does they will take the house to pay for her care. My question is this: What can we do so we can put her where she needs to be without being homeles?<HR></BLOCKQUOTE>

My response:

The only "safe" and "legal" way to do this, at this point, is for Grandma to, through you, to arrange for a loan on the house, say enough money for 3 years worth of care, and place Grandma into a nursing home. I know you want to use Federal Funds, but you're too late for a transfer of ownership. They would find out.

IAAL




------------------
By reading the “Response” to your question or comment, you agree that: The opinions expressed herein by "I AM ALWAYS LIABLE" are designed to provide educational information only and are not intended to, nor do they, offer legal advice. Opinions expressed to you in this site are not intended to, nor does it, create an attorney-client relationship, nor does it constitute legal advice to any person reviewing such information. No electronic communication with "I AM ALWAYS LIABLE," on its own, will generate an attorney-client relationship, nor will it be considered an attorney-client privileged communication. You further agree that you will obtain your own attorney's advice and counsel for your questions responded to herein by "I AM ALWAYS LIABLE."

 

[dazdndcnfd]

<BLOCKQUOTE><font size="1" face="Verdana, Arial">quote:</font><HR>Originally posted by I AM ALWAYS LIABLE:
My response:

The only "safe" and "legal" way to do this, at this point, is for Grandma to, through you, to arrange for a loan on the house, say enough money for 3 years worth of care, and place Grandma into a nursing home. I know you want to use Federal Funds, but you're too late for a transfer of ownership. They would find out.

IAAL


<HR></BLOCKQUOTE>
One more question. Would it be possible for her to sell the house to us, for a reduced price, with a mortage so that it is a legal transaction of transfer of ownership would that be a possible way? Are there laws as to the amount that someone can sell there house? Or is that up to the seller?

 

[I AM ALWAYS LIABLE]

<BLOCKQUOTE><font size="1" face="Verdana, Arial">quote:</font><HR>Originally posted by dazdndcnfd:

Originally posted by I AM ALWAYS LIABLE:
My response:

The only "safe" and "legal" way to do this, at this point, is for Grandma to, through you, to arrange for a loan on the house, say enough money for 3 years worth of care, and place Grandma into a nursing home. I know you want to use Federal Funds, but you're too late for a transfer of ownership. They would find out.

IAAL


<HR></BLOCKQUOTE>
One more question. Would it be possible for her to sell the house to us, for a reduced price, with a mortage so that it is a legal transaction of transfer of ownership would that be a possible way? Are there laws as to the amount that someone can sell there house? Or is that up to the seller?

My response:

If the house is to be sold, the price must, in THIS instance, reflect "fair market value" - - otherwise the Feds would see the transaction as an attempt at fraud. I think it would be in your best interests, as well as Grandma's, for you to go to your local Social Security Office to pick up their pamphlets. Their information covers this, and all other scenarios concerning what she can, and cannot, do.

IAAL



------------------
By reading the “Response” to your question or comment, you agree that: The opinions expressed herein by "I AM ALWAYS LIABLE" are designed to provide educational information only and are not intended to, nor do they, offer legal advice. Opinions expressed to you in this site are not intended to, nor does it, create an attorney-client relationship, nor does it constitute legal advice to any person reviewing such information. No electronic communication with "I AM ALWAYS LIABLE," on its own, will generate an attorney-client relationship, nor will it be considered an attorney-client privileged communication. You further agree that you will obtain your own attorney's advice and counsel for your questions responded to herein by "I AM ALWAYS LIABLE."