Will transferring a house with an enhanced life estate deed trigger penalties? | NC

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Q: Will transferring the house with an enhanced life estate deed affect a parent’s eligibility for benefits or trigger penalties? A: Possibly — it can. If a parent transfers part of the home for less than fair market value during the Medicaid lookback period, that transfer can trigger a penalty for long-term care benefits. Even if the home itself is not counted as an available resource, the…