Asked 7/16/2008
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Sow to go about selling parents house? My mother died in april of this year..she and my dad had a joint living trust..they were both on medi-cal in ca. and my dad has since moved into a nursing home in Ok. my 2 brothers and i have power of att. for both my parents..My dad subsequently signed over their annuity they had to all 3 of us, but we now need to sell their home due to not being able to keep it up..can we sell the house and evenly distribute it except for monies put away for my dads final expenses? he is on sooner in ok which is the same as medi-cal in ca. but all their assets are in their trusts name..wondering how to go about seling the home and evenly distribuution?
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Answer 1/1 - Submitted 7/21/2008
Well you may have several promblems here first being your father is now in a nursing home. If he is on medicaid and medicare then the state can put a lean on all his assets. Your parents would of had to of signed all assets house ect in the kids name at least five years before one or the other was put in a nusing home before the state could not touch anything.
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