Home Buying in Silver Grove>Question Details

Gail, Home Buyer in Silver Grove, KY

IS it a good idea for my mother to gift her home to me.?

Asked by Gail, Silver Grove, KY Fri Apr 10, 2009

Will i have to pay taxes now or when i decide to sell. Right now i plan to rent it.

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You will want to think about the Medicaid laws if something happens to your mother and she has to go into a nursing home-depending on what happens they can look back so many years and put a claim against the home. I would suggest talking to a real estate lawyer to see what would be the best thing to do.
0 votes Thank Flag Link Sun May 3, 2009
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