Adding Names To Deed

Summary

To add your name to your aunts property deed in Rhode Island, draft a new deed, have it signed by your aunt before a notary, and record it at the local county recorders office. The Medicaid Look-Back Period checks asset transfers within 5 years of applying for Medicaid. Exceptions like the caregiver child exemption may apply since youve lived with your aunt for 20 years. Equitable interest refers to a beneficial interest in property, not legal ownership. Consult a Rhode Island attorney for tailored advice.

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My aunt in aboit to be placed in permanent care. She wants to add me and my wifes name to the deed i have lived here in the house with here for 20yrs .
Hello Charlie,
It seems like you're seeking advice on how to add your name and your wife's name to your aunt's property deed. Could you please confirm which state you are located in? This is crucial for providing accurate legal information, as laws may vary from state to state.
RI
It seems you're in Rhode Island, Charlie. Here are the general steps:
*. Draft a new deed that includes your names.
*. Your aunt must sign the deed before a notary.
*. Record the deed at the local county recorder's office.
Please consult a local attorney for specific advice.
How do we get around the 5 year medicaid? Look back. For her placement care
The Medicaid Look-Back Period is a rule that checks if any assets were transferred for less than their value within 5 years of applying for Medicaid. If so, penalties may apply. However, some exceptions might apply:
- Caregiver child exemption, since you lived with your aunt for at least 2 years.
- Personal residence transferred to a sibling with equity interest.
Please consult a legal advisor in Rhode Island for specifics.
Personal residence transferred to a sibling with equity interest.
Charlie, it seems you're considering the exception of transferring a personal residence to a sibling with equity interest. To clarify, are you or your wife a sibling of your aunt, and do either of you have an equity interest in the house?
Define equatable interests
Equitable interest refers to a beneficial interest in property, which doesn't give the holder legal ownership, but does provide the right to acquire formal legal title. It's often related to trust assets or assets under contract for sale.
For this situation
It appears you're asking about equitable interest in the context of the Medicaid Look-Back Period. It's complex and may vary by state. In Rhode Island, you might be able to avoid penalties with certain transfers. Consult with a Rhode Island attorney for advice tailored to your situation.
Thank you
You're welcome, Charlie! I'm glad I could provide some general guidance. Remember, consulting with a local attorney is crucial for understanding specific legal nuances. Good luck with everything.