I have 5 siblings and my brother wants my parents to sign their house over to one of us. He said it was because Medicare may try to take their house, but why would he make such a suggestion?
One of my brothers wants my parents to sign their house over to someone else in the family (6 of us kids). My Dad told me my brother's reasoning was that Medicare may try to take their house???? My parents don't have tons of money but they are not hurting either. They both have Medicare and a VERY VERY good supplemental plan that covers almost 100% of what Medicare doesn't pay. They both have a Part D plan so they don't pay much for prescriptions. I check their insurance plans every year at open enrollment and everything is always OK. Does anyone know why in the world my brother would make such a suggestion? I truly don't think he is trying to be dishonest and he didn't say he wanted the house signed over to him, just "someone" else in the family. My parents would lose a major asset. Any ideas?