Laserfiche WebLink
201505 721 <br />transferor at death. Failure to timely pay inheritance taxes is <br />subject to interest and penalties as provided by law. <br />WARNING: The designated beneficiary is personally liable, to the <br />extent of the value of the property transferred, to account for <br />medicaid reimbursement to the extent necessary to discharge any <br />such claim remaining after application of the assets of the <br />transferor's estate. The designated beneficiary may also be <br />personally liable, to the extent of the value of the property <br />transferred, for claims against the estate, statutory allowances <br />to the transferor's surviving spouse and children, and the <br />expenses of administration to the extent needed to pay such <br />amounts by the personal representative. <br />WARNING: The Department of Health and Human Services may require <br />revocation of this deed by a transferor, a transferor's spouse, <br />or both a transferor and the transferor's spouse in order to <br />qualify or remain qualified for medicaid assistance. <br />