Follow
Share
This question has been closed for answers. Ask a New Question.
Freeda - there's a lot of ? on this site regarding Quit Claim Deeds, you might want to search some of the older posts to get some insight on QCD.

"Legal" well that is totally interdependent on your states laws as to what needs to be done so that a QCD can be valid. And valid not just now but also later on if & when the property is to be sold to others. There is no set single answer. If you have concerns then you make an appt with an atty to discuss all this.

If the NH brother is on Medicaid, & he does a QCD to transfer his property, it will be problem for Medicaid. The entire assessor value of his property could be placed as a transfer penalty on him. Will make him ineligible for Medicaid. It will become a crisis situation for his care and could morph into APS issues for whomever is the DPOA and whomever did the QCD.
Helpful Answer (2)
Report

The guardian is required by the court that appointed him to file accounts of all the transactions he did. That gives the family (and judge) an opportunity to review the account and file a complaint if something is not right. Thus, the guardian cannot LEGALLY do any transfers secretly.
Helpful Answer (2)
Report

This question has been closed for answers. Ask a New Question.
Ask a Question
Subscribe to
Our Newsletter