If my parents go into a nursing home. Can they lose their home?

Answer 1

Basically, they will not lose their home if someone pays their property taxes, mortgage payments (if any) and keeps the place up. It would be prudent to get one of the children's names added to any bank accounts. It might also be worth signing over a power of attorney to a responsible adult child.

Answer 2

Your parents should have gotten the home out of their name first and I think it has to be 3 years in advance.

Someone had mentioned puting the name of a child on accounts and house, it don't work that way.
Nope the home came after the money that a friend of the familys kids names was also on and they sued the one boy because he blew the half he took while the other only took the other half to protect it from the other brother and gave it back when they asked for it.

The house, say you have one kids name on it and the parents, well they can ask for the value of the part of the home in the parents name if both parents then they will want two thirds of the value.

Your parents could however have put the house in your name and had the deed read that your parents would get to live their til they died or moved.

It sucks that they can take everything but once they take all the money they come for the rest.
Sorry

Answer 3

If both go into the Nursing home they can lose their house. If only one the Nursing home can't take everything they have to leave behind enough money in the other ones account so they can live. Look up Elder Laws.

Answer 4

It is always a good idea to have one of the children's names added on to the deed of the house (leaving the parents names on also), mainly the one that will be executor of their will, this also goes for all bank accounts. This is the best way to protect what they have worked for, and keeps things out of probate if anything happens to them.