Transfering home.

[tom4018]

What is the name of your state? Kentucky

My mother wants to make sure I end up with her home and is scared that it would be lost if she ever ended up in a nursing home.She wants to put it in my name.




Is there a way for this to be done?

 

[krispenstpeter]

She can quit claim it to you with Life Estate to herself.

Or she can deed it to you outright.

Or she can sell it to you.

 

[berniebing]

don't forget that medicare has the three year look back rule if you do the life estate, mom better be healthy and not nursing home material for the three years.

 

[tom4018]

Question?

Quit claim what is that?

Can she sell it to me for a price less than market value?
Thanks for your help.

 

[krispenstpeter]

If she owes no money on it she can do any damn thing she wants with it. Go see a Real Estate attorney. It's a simple process and won't cost that much.

It will also do you and your mother a favor and ease her mind.