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How to Prevent My Father From Having a New Spouse Live in His Home

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  • 03-02-2014, 07:35 AM
    PandorasBox
    Re: Planning for a Second Wife
    Either way, it would be beneficial for Dad to see an Elder Law Attorney, and an Estate Planner.

    OP: It would beneficial to you, as well, to see an Elder Law Attorney, as there are a lot of things you don't seem to understand about how this change of deed may affect your father in the future should he need Medicaid. They want a full accounting of everything - assets, bank accounts, for 5 years. And they are meticulous.

    My grandmother needed a new stove. I had the only credit card in the home, so I charged it. She wrote me a check for the exact amount. The day she went into the hospital she also had my mom write a check to pay off my car. Guess who needed a Criminal Defense attorney? Me. Because Medicaid and the Nursing Home she went into later viewed it as "Taking Financial Advantage of a Senior". Also, her gift almost prevented her from being granted Medicaid. And with the Nursing Home, we were instructed we had to put the home up for sale immediately to help pay for her care. So you really would be best to both see an elder law attorney before you transfer that title.
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