Your mom's residence is an exempt asset. Selling is not a good thing. Your mom really needs to meet with an Elder Law attorney to go over all her options. Transfer to a properly structured trust could help, but again, your mom needs to meet with an Elder Law attorney.
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Attorney Shultz is correct. It is vital that your mother meet with an elder law attorney as soon as possible. He or she will review your mother's matter and make sure that her assets are properly structured. Good luck to you and your family.
This information is presented as a public service. It should not be construed to be formal legal advice nor considered to be the formation of a lawyer/client relationship. I am licensed in Connecticut and New York and my answers are based upon the law in those jurisdictions. My answer to any specific question would likely be different if I were to review a client's file and have the opportunity to interview the client. Accordingly, I strongly urge you to retain an attorney in your jurisdiction with respect to any legal matter.
Because you are concerned about losing the house should your mother need long-term care, yours is really an elder law question. Medcaid planning is complicated and fact specific What may work for one family may not for another. While you have provided some information, there is not enough. The answer to your question is "it depends." You should consult with an experienced elder law attorney who can tickle more out of the facts and probably come up with a good or at least workable solution. You can find an elder law attorney by using the AVVO Find a Lawyer searc or go to the National Academy of Elder Law Attorneys site at www.naela.org.
You want the house to go to you but you ask about changing the deed to all 4 children.
You seriously need an attorney to advise you.
A medicaid attorney can help protect the home for the family.
The answer given does not imply that an attorney-client relationship has been established and your best course of action is to have legal representation in this matter.