In Indiana - Mother wants to deed over her property to 62 year old disabled daughter. There is a home equity loan on the property. 1) Can mother deed over and then pay off the home equity when daughter gets a mortgage to pay it off or must it be paid off before the quit-claim deed? 2) Will social security/medicaid look at this house in the 5 year lookback period? 3) What are the rammifications to disabled daughter, if any? 4) How long must daughter keep the property before she could sell?
Thanks.
You need to consult with an Elder Attorney versed in the new Indiana Medicaid rules. Mary 633-4002.
