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.
Asked on 10/05/09, 12:52 pm
1 Answer from Attorneys
Mary J. Hoeller, R.N., J.D.
Attorney At Law
You need to consult with an Elder Attorney versed in the new Indiana Medicaid rules. Mary 633-4002.
Answered on 10/05/09, 3:49 pm
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