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Property Purchase Legalities
Summary
You can offer $20k for a property share in massachusetts, ensuring all agreements are documented. If the estate is under $25k, masshealth may not pursue recovery. Consult a lawyer for compliance with masshealth rules and estate management.Full Conversation
If estate does not have it
If the estate does not have the funds to pay what is owed to your mom, here are a few steps you can consider:
- Your mom can file a claim against the estate during the probate process.
- If the estate cannot pay, assets may be liquidated to cover debts.
- If assets are insufficient, the debt might go unpaid.
Would you like more details on filing a claim against the estate?
- Your mom can file a claim against the estate during the probate process.
- If the estate cannot pay, assets may be liquidated to cover debts.
- If assets are insufficient, the debt might go unpaid.
Would you like more details on filing a claim against the estate?
If theres a loan and i offer them the * k and sign over the share to me is that leagal
It sounds like you're proposing to settle a debt by offering $20k in exchange for ownership of a share of property. In Massachusetts, this can be legal. Here are some points:
- Ensure the agreement is documented in writing and signed by all parties.
- The transaction must comply with any existing agreements or court orders.
Would you like more details on how to draft such an agreement?
- Ensure the agreement is documented in writing and signed by all parties.
- The transaction must comply with any existing agreements or court orders.
Would you like more details on how to draft such an agreement?
If they agree and everything signed over to me ... can i use my mom share to pay off loan and bills that end result she would have about15k left and mass recover wont be able to take money from her right?
Case Rating: *
In Massachusetts, if the transaction is properly documented and legally binding, you may use your mom's share to pay off loans and bills. However, MassHealth (Massachusetts Medicaid) has strict rules regarding asset recovery. Here are some key points:
- MassHealth has the right to recover costs from the estates of deceased beneficiaries.
- Proper legal documentation is essential to prevent complications.
- Consult a lawyer to ensure compliance with MassHealth rules.
Would you like more details on MassHealth's estate recovery rules?
In Massachusetts, if the transaction is properly documented and legally binding, you may use your mom's share to pay off loans and bills. However, MassHealth (Massachusetts Medicaid) has strict rules regarding asset recovery. Here are some key points:
- MassHealth has the right to recover costs from the estates of deceased beneficiaries.
- Proper legal documentation is essential to prevent complications.
- Consult a lawyer to ensure compliance with MassHealth rules.
Would you like more details on MassHealth's estate recovery rules?
On masshealth recover state i get a 25k and if it goes under * k after everything they wont take
Case Rating: *
In Massachusetts, MassHealth can recover costs from the estates of deceased beneficiaries. However, if the estate's value is less than $*,* after paying off debts and expenses, they may not pursue recovery.
Would you like more details on how to handle estate recovery or any other specific questions?
In Massachusetts, MassHealth can recover costs from the estates of deceased beneficiaries. However, if the estate's value is less than $*,* after paying off debts and expenses, they may not pursue recovery.
Would you like more details on how to handle estate recovery or any other specific questions?
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