Can parent qualify for Medicaid if his name is on the deed to my house?

However the mortgage reads will be his % interest & therefore an asset in the property that you consider to be your home. If it’s 1/3 each: you, mom, dad or 50/50 you & the parents. Whatever the case, what you’ve been told is right, house is legally to some degree an asset of his and your moms. And it’s not an exempt asset for Medicaid like the home your own and live in. Only a property with a homestead exemption can get the exempt asset during thier lifetime for Medicaid.

Your place is non exempt asset for him.

They & you need really good attorneys, both Medicaid savvy elder law one and one that does real estate law. To unthread ownership on your place will not be simple. I’m going to guess that you have been paying all property costs on your place, right? Like you’ve paid all insurance, taxes, maintenance, etc, right? And for years. Well your folks kinda owe you for all that based on thier % of ownership with interest and getting it figured out not a DIY. That what real estate atty do. Plus they can deal with determining accurate value of the property that’s equitable for each owner. I’ll bet the current tax assessor value for the place isn’t quite accurate, so this will need to be done. Plus they can deal with mortgage co to get new mortgage issued, if your still in payment mode.

Also if mom as the “community spouse” is likely to outlive dad, the elder law atty can look at how to position her to get her own needs allowance from dads income. So that not all his income goes towards his Medicaid required copay to theNH. Mom as a CS is allowed to have her own assets - most states have this at 128K - & have her own monthly income and neither goes to dads eligibility for his LTC NH Medicaid. Only he has to become impoverished not her.

Time is of the essence. Medicaid for couples does a snapshot day to which all thier financials are affixed to. So whatever $ or assets that need to legitimately move or get shifted needs to happen before that day and clear thier bank statements. You kinda need to hold off on his going into a NH till a plan of action is determined. Good luck.

Agree with WorriediCali, also you need to know whether putting the title fully in your name has tax implications for you in the year it occurs.

Correct. His name being on your house is going to be a BIG problem. He’s allowed to own 1 house. His name being on your house makes your house technically his asset. You’re going to need to contact a lawyer well versed in Medicaid eligibility because if you take his name off the house, it may affect his eligibility as well. Most lawyers will give you a free consultation.