What is it called when you sign your house to someone else so going in the nursing home does not take the money in your house?
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Answer:
There is a child caregiver exemption that you might be thinking of. Usually assets are turned over to nursing home/medicad but if a child has been living in the home, providing care, then that person can receive the home. Check around your community for an "elder law" attorney and get this done as soon as possible before nursing home is needed. All the best.
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