Yes, Medicaid is what you need to worry about. If you feel Moms health is such that Medicaid paying for longterm care (not sure about health insurance or homecare services) is a long way off, then I see no problem in her signing her half over. Maybe even selling it to you for a $1. But, if you feel that Medicaid might be needed in the next five years, it may not be a good idea. Lets say Mom needs Medicaid. When she passes, a lean will be put on her half of the property. You MAY have to sell the property and half will go to offset the cost of her care.
Post places have a property registration system that usually needs professional help to use - a lawyer or a conveyancer or someone attached to a real estate firm. Perhaps ring up a real estate firm and ask how to go about it, without committing yourself. Whoever you get to help you should know the options, but don't forget Medicaid lookback.
In Texas and most US states, none of that is necessary. It’s do-it-yourself. You just get a notary public to witness the signing of the deed & you file it with the county clerk. The forms are available online.
How is the property held, Joint Tenancy or Tenants in Common? If it is Joint Tenancy, then your mother's share of the property will go to you upon her death. If it is Tenants in Common, then she can sell or leave her share of the property to another.
If you are in the US and your mother may need Medicaid within 5 years you may be in trouble if she gifts you her share of the property.
You best best it to talk to an lawyer who is familiar with the rules in your state.
Like said, u may want to consult a lawyer.
If you are in the US and your mother may need Medicaid within 5 years you may be in trouble if she gifts you her share of the property.
You best best it to talk to an lawyer who is familiar with the rules in your state.