Don’t Transfer Your House to Your Adult Kids
Reasons to Not Transfer Your House Medicaid It may sound like a good idea to transfer your house to your adult kids, so that you can qualify for medicaid, but it could end of costing you medicaid benefits that you may would have qualified for. Medicaid is the government program that pays for health care and nursing home bills for the indigent. However, gifts and transfers made within five years of applying for Medicaid can lead to a penalty period and could disqualify or delay you from receiving medicaid benefits. Creditors & Divorce Transferring your home to your adult kids…
