Floyd County, Iowa | CaseIH7240 - 1/2/2019 21:06
.................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. .................
Nope. The sale of assets for less than fair market value to avoid nursing home getting the assets would result in costly legal issues.
And they can go back 7 years to scrutinize transactions.
We were informed of this, by our attorney, when we went through the nursing home ordeal with parents.
Edited by oldbones 1/2/2019 21:33
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Trying to avoid nursing home owning parents home??
