And still be exempt from Medicaid recovery upon his death?
My mother passed away and I am the designated successor with DURABLE OWER OF ATTORNEY, DESINGATION OF HEALTH CARE, SURROGATE AND DESIGNATION OF PRENEED GUARDIAN.
My father is in a nursing home with Alzhemer's and is incompetent.
For over 4 years I was the only caregiver living with them until it became necessary, due to my mothers strokes, to enroll both of them in the same ACLF in 01/04/10. After another stroke, I enroll both of them into a nursing home on 06/27/10. On 12/19/14 mother passed away.
I still receive mail and have a 43' trailer on the property.
The value of the property is approximately $150,000. Upon Dad's death the property is to be split equally between my sister, brother and myself.
If I sold the property ASP there would be a contract to close with my sister and brother 50% each, buying me out, with my brother becoming the successor POA.