Indiana | Elder Law
10/05/09, 12:52 pm
Legal Question
In Indiana - Mother wants to deed over her property to 62 year old disabled daughter. There is a home equity loan on the property. 1) Can mother deed over and then pay off the home equity when daughter gets a mortgage to pay it off or must it be paid off before the quit-claim deed? 2) Will social security/medicaid look at this house in the 5 year lookback period? 3) What are the rammifications to disabled daughter, if any? 4) How long must daughter keep the property before she could sell?
Thanks.
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Legal Answer
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Read More Answered By: Mary J. Hoeller, R.N., J.D. |
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