My father and mother and I own a house in Washington State. The house is solely in my name however, my parents have a quick claim deed in case they need to prove that they own half of the house. My father did this 20 years ago when we bought our house to avoid the state taking their part of the ownership in case my parents would need to go to a nursing home. Was that wise???
My brother who is from out of town wants my father to file the quick claim deed and take off my name from the deed so my father can refinance the house and remodel the downstairs so that my parents can live downstairs now that they are in their 80's. My mother recently had a fall and is in a nursing home for physical rehab.My brother wants me to sign a quick claim form and have the deed in my parent's name only while they refinance. My father is 87 and my mother is 84. Is this wise???
Can senior citizens with medicare income only refinance their homes?? is it wise????
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