Q: My husband has early onset Alzheimer's, he is 71 and I am 69. I own property gifted to me as my seperate property.
Can I file transfer on death deed to my children, possibly as a Medicaid asset protection trust devise if he has to go to nursing home?
A:
There are a few different ways to handle your issue. The simplest is a "Life Estate" where you deed the property back to yourself for the remainder of your life, then it automatically goes to the person you wish to obtain the property after you die.
This is great if you have a low budget or if you do not want to disturb any other assets.
There are other more complicated ways, but they get complicated and often expensive.
Good luck!
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