Posted by Carol on 6/15/07

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Hey all you brilliant legal practitioners, I could use a
little feedback. My client's parents signed their house
over to him ten years ago "to avoid probate. Dad is now
deceased. House and land aren't worth much at all. Mom
now wants to sell the house to a neighbor because she need
money but wants to continue to live in the house. Problem
is, now Mom needs Medicaid so she'd have to have a trust
set up. Plus she wants to leave her kids a little
something and the house is all she has. Simple answer I
guess is deed it back to mom, sell it to neighbor with
life estate to mom and set up medicaid trust. But then
the state gets paid back everything they've spent at the
end and who knows how much that will be. My client
doesn't really want to take out a mortgage on it to give
mom some money because he has this aversion to debt. Any
suggestions or creative ideas?

Picking the brilliant legal brains real estate-wise, 6/15/07, by Carol.

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