In 2005 my in-laws filed a gift tax return form gifting their farm to their children. Attached to the tax return is:
1. An appraisal of the farm
2. The appraisal's description of the farm.
3. Pictures of the farm.
4. The quick claim deed.
5. The legal/surveyor's description of where the ground is located.
The parcel number on the deed and the legal description of where the ground is located are both wrong. They are for a neighboring farm that belonged to Dad's brother.
It was verified with mapping and platting that Mom and Dad's farm is still in their names. It was not quick deeded to the children, as was the intent.
If Dad ends up in the nursing home, can the nursing home come after the farm for $$? There are some aspects of the filing (1,2, 3 and the tax return) that were right.