My question involves estate proceedings in the state of: California
my apologies if this is not in the correct thread.
i am a bit confused here about this whole "estate recovery act". Basically i am reading articles where they mention if any of my parents are currently in a nursing home and receiving medical/medicaid then they are subject to this recovery act. below is my situation and questions:
Situation: both of my parents own their primary home, and that is the only property they have. Because they are not able to pay for this just on their own i have been helping them since my dad retired 3-4 years ago. (i pay the mortgage and utilities). my dad is the only person who is receiving government health aid.. medical/medicaid. (dad is 64 years old)
1. is this primary home in anyway considered in this recovery act? even though neither of my parents are in a nursing home?
2. are they able to transfer the home to my name without a sale?
3. what is the best route to take in regard to avoiding any tax penalties?