QUESTION
Wondering if I should put a home we are purchasing with my mother’s money in her name and my name?
Asked on Oct 01st, 2020 on Elder Law - New Hampshire
More details to this question:
I am 53 and have been caring for my mother who has Alzheimer’s for 5 years. I am her POA. We found a mobile home that we would like to buy because it is more affordable than renting and is all first floor living. My question is should I put the home in my mother’s name and my name? My mother’s money is in a trust that I use for our expenses. I have been on SSDI since 2011 for severe depression but I have been able to care for my mother during this time with some help of family members.
1 ANSWER
2 Awards
If your mother's trust is paying for your and your mother's expenses, the deed should be in her name. You should also have a family caregiving agreement so that her payment of your expenses is not seen as a gift which could disqualify her from Medicaid or exploitation which could lead to legal problems for you.
Answered on Oct 02nd, 2020 at 6:13 AM
This is general information. It cannot substitute for a personal consultation with an attorney. It is not intended to be legal advice or imply an attorney-client relationship.