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Question

My 82 yr old father in law wants to transfer a 100 acre timber parcel (that is currently in a trust) into both his and my husband's names. My husband and I want to manage the property for timber and ranching, and claim the expenses of the business as such, but worry that should Dad require long term care in the future, that the property might be subject to medicaid seizure. What should we do?

Submitted: 46 days and 11 hours ago.
Category: Legal
Value: $40
Status: CLOSED
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State/Country relating to question: California

Already Tried:
looked at some elder-law articles that scare me half to death!

Accepted Answer

Thanks for your question.Possibly he deeds to you here into new trust for your benefit here.If his name is on it then it is potentially at risk.You may want to consider an elder law lawyer to shield it here.Look here for a NAELA certified lawyer.They do exactly this and are adept at retaining medicaid eligibility or potential eligibility

NAELA Lawyers..

http://www.naela.org/MemberDirectory/

It is critical to use a NAELA lawyer because medicaid has ahrsh penalties if this isn't done right.

Edited by RayAnswers on 10/7/2009 at 8:37 PM

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Expert: RayAnswers
Pos. Feedback: 97.9 %
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Answered: 10/7/2009

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25 years in civil, criminal, family, probate, elder issues, and administrative law

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