My parents are 79 and Dad is in advanced stages of Parkinson's but is being treated at home with caregivers and hospice. Mom has had a mini-stroke and her health is declining. They have assets such as stock and cash as well as the home which is paid for. My question is this. If she deeds the family home over to one of the kids, after 5 years, if they are either gone or paying down to eventual medicare, can we use the home to rent it out to secure our inheritance? Does that make sense?