| You definitely have to see a lawyer skilled in "elder law". I wish I could tell you it will be easy to do... laws vary state to state. In my state, it would be too late for you to isolate and transfer property from your parent's name to your own. A deed transfer requires a 3 yr. "look back"; this means that you have wait 3 years before the property is "free and clear". When we saw the lawyer about Mum's holdings we were told the minimum "look back" period we could attain was 7 months, and that was for the establishment of a revocable trust. (We did that). I'm going to try to post a link to a thread on another forum; Household finances. There is also another thread there, germain to this topic, "protecting a home". I hope these will help you out. I would be very careful how much I said about my parent's finances and holdings to anyone on staff at a nursing home. Their job is to care for your parent... use your lawyer to safeguard property and let them do the talking. Good luck with this and I hope your Mom is OK. |
Here is a link that might be useful: elder law
