Q: Do i need a lawyer to transfer my dad's name to my name? He has a home in his name. I've never owned a home before.
A: There are several issues that could arise if your dad were to transfer his home to you. You would want to ensure that the transfer was completed correctly. If your dad is a recipient or possible future recipient of Medicaid assistance, the transfer could cause him to be ineligible for Medicaid assistance. Generally speaking, assets of senior citizens should not be transferred away without adequate consideration being paid. Your dad should have the benefit of an attorney's advice to make the right decision for him.
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