My siblings want to put my mother's house under my name. I am on Medicare and Medicaid. How will this work?


I have lived with my mother in her house for the past 35 years. She is 94 with dementia. We just found out we can transer the deed to me under child caregiver exemption in New York. I am on Medicare and Medicaid dual eligibility. How would that work??? Anybody know???



I assume you are disabled. If Mom goes on Medicaid as a disabled child you will be allowed to stay in her house as long as you keep it up. Her money must be used for her care if she is getting Medicaid or may need it in the future because she pays privately. Upon her passing, you can continue to live in the house but if sold the Medicaid lean put on it at her death, will need to be satisfied. Not sure that a house can be transferred when person may need Medicaid within five years. This is a question for a Medicaid lawyer and the cost may be allowed out of Moms money.
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Reply to JoAnn29

Talk to a lawyer. If she has dementia, can she sign paperwork for transfer? If you have power of attorney, it’s a conflict of interest to transfer to yourself. You can be charged with financial abuse. Can you cover all expenses on the house if mother goes into nursing home herself and needs Medicaid for long term care? All her money will go to nursing home unless multiple exemptions are filed and you qualify for help from her as disabled, and that negates caregiver exemption in some states. A transfer will cause a step-up in house value which can increase property taxes and insurance. Very complex with your own financial situation and needs legal expertise.
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Reply to Guestshopadmin

Well, people on Medicaid are allowed to own a house. I wonder, though, if it will be subject to a state lien and claim if you sell it, or when you die. Can you get in touch with the Medicaid financial case manager for your case or your mother's?

Will you be able to afford the insurance, property taxes, maintenance, etc?

I sure hope this works out well for you!
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Reply to jeannegibbs

All I can say on this is be very careful to cross all "t"s and dot all "I"s.
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Reply to rovana