Settling an estate: advice needed!

sk8rmom
Thu, 20 Jan 2011 17:20:46 +0000

Your H should request and read the deed to the home. It’s possible that the FIL had it written so that was in your nephew’s name but the FIL retained life use. If that’s the case, it passed directly to the nephew which is similar to what my mom and I had arranged. It’s a fairly common practice among older adults as they are concerned that a prolonged hospital/nursing home could cost them their homes if they did not have sufficient assets/insurance (IIRC Medicare/Medicaid has a couple of year lookback period on asset transfers). If he has any questions about the deed, he should certainly have the estate attorney look it over.