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Ohio | I understand why you our trying to do this. Nursing home prices out out of line and a normal person can’t live there for very long until assets have to be sold. Seems silly to work hard your whole life to give it all to the nursing home at the end. A close friend has been going through this very thing. New rules say it has to be signed over for 7 years before they back off. Use to be 5. If you want it protected instantly, I’m guessing she’s going to have to sell it to you. You could probably buy it for well under market value and you won’t get hassled. My only advice is talk to a lawyer that knows what they are doing and do it soon. | |
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