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    applejackuk's Avatar
    applejackuk Posts: 1, Reputation: 1
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    #1

    May 18, 2008, 12:34 PM
    Protecting my mother's property with a Quit Deed Claim
    Recently my mother fell and broke her back and hip. She is currently in a rehabilitation/nursing facility that is eating up her savings at an alarming rate. In order to protect her real estate as an asset, an attorney advised my sister to get my mother to sign a Quit Deed Claim in favour of my sister and myself. I don't believe that this is the correct method and that no matter what we do, her house can be sold and used to finance her care when her money runs out. I live in the United Kingdom and when I retire in two months time my plan is to return to the United States and live in the property. I think that I should buy it and change it into cash since my belief is that it will be used in any case. Am I correct in my attitude to this Quit Deed Claim and is the only person who benefits from it, the attorney who drew it up?
    ScottGem's Avatar
    ScottGem Posts: 64,966, Reputation: 6056
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    #2

    May 18, 2008, 12:39 PM
    It depends. Most likely you are correct. If your mom is using Medicare to pay for her health care, then its possibly that the house will be used to reimburse the govt. Even if you did transfer ownership now, it may be too late, since this may be seen as fraud.

    I think you need to consult an elder law attorney familiar with these issues to get the facts.

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