Can I tell Medicaid the home is mine after a life estate deed? | NC

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Q: If my parent signed a life estate deed, can I tell Medicaid that the home is mine? A: Usually, no — not by itself. A life estate deed normally splits ownership. Your parent keeps the present right to live in and use the home for life, and you hold the remainder interest that becomes full possession after your parent dies. So if Medicaid asks about the property, the more accurate answer is…