2007-07-02 23:04:47 · 5 answers · asked by smokie 1 in Business & Finance ➔ Renting & Real Estate
you will have to split the proceeds and most likely the nursing home will get his share to pay for his care . good luck
2007-07-02 23:14:20 · answer #1 · answered by Kate T. 7 · 0⤊ 0⤋
If your father and you are both on the deed, then yes, the nursing home will want part of that money. However, you could try quitclaiming him off the deed, waiting the required amount of time, and then selling the house. How urgent is the need to sell the house, anyway? If you can wait a few months to put it on the market, or at least until after the quitclaim is done, you should be able to sell without having the proceeds going to the nursing home. I'm no lawyer, though. I'd suggest running that idea past one of those.
2007-07-03 02:13:57 · answer #2 · answered by togashiyokuni2001 6 · 0⤊ 0⤋
smokie my man listen carefully.ok. try 2 sell the house asap w/out the nursing home knowing. florida has strict rules about assets n pending bills such as that nursing home and anyone one you owe money 2. the old man must sign unless he's deemed incabable by court, doctors,etc.. ok. try 2 b on same page w/the old man. as far as the bank goes, if the old man can't b present to sign off just be firm w/them about y ur selling the house. they 2 will ask y u want 2 dump it? believe me. i went through that. also empty all bank accounts w/ur n the old man's money cause they'll try 2 freeze it 2 pay the creditors. again just b firm n tell'em nything other than ur situation.ie. u have a personal situation that needs to b taken care off immediately. ok. remember. ur in florida. it's a right 2 work state. follow. they don't play down there.ok. good luck. hope the old man gets better. p.s. empty ur bank account as well. they'll try n hit that 2.
2007-07-02 23:30:04 · answer #3 · answered by ton.y.c. 2 · 0⤊ 1⤋
when you say you "share in ownership" that is vague...are you on the deed? do you have power of attorney for your father? these are the first things that come as a concern to me. I sell mortgages but you might want to contact a local title company and explain the situation, they have real estate attorneys that can guide you through the process to make it work the way you need it to. it seems as though your obligations may be overshadowed by necessity, please talk to the attorney.
2007-07-02 23:45:08 · answer #4 · answered by Anonymous · 0⤊ 0⤋
.
Living will if any will says where his part goes.
Is your deed "Joint tenant", or "tenants in common"?
Any documents designating specific interest of the parties will resolve more of who gets what?
If there is any government assistance with the health care, they might expect some of the money.
2007-07-02 23:20:48 · answer #5 · answered by Willems_grandpa 3 · 0⤊ 0⤋