Q: My grandmother put all her assets in a trust 20 yrs in Ohio. She now lives in Florida. Can she sign her home over to me?
Many names and accounts in the trust are old or closed. Most of her assets have been used for her medical care. She lives with me in my home in Florida and has for the last 6 years. She even has a Florida drivers license. She would actually like to sign her home over to my sister who is an Ohio resident and has been living in her home for the last 2 years. We are hoping to keep her home in the family and not have to sell it to pay for her future medical care.
A: Your grandmother needs to consult with an elder law attorney who can advise her about potential Medicaid claims if she makes transfers of assets. Use the Find a Lawyer tab to find an estate planning attorney who works with elder law to review the trust, her situation and assets, and who can then advise her.
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