I lost my mom last year and live with my dad. He is currently caring for my grandma and me. He's getting up in years and I am trying to figure out how best to assign his assets. Since I'm his daughter what happens to his stuff when he dies and if he gets put into a nursing home, what will happen to his stuff? Is there a way to protect it from being taken even though I'm the daughter and not his wife?
I'm not being silly here - we need a little more info before we can help.
It sounds like your Dad may still be relatively young and healthy, so now is the time to do this - don't wait. Believe me, you don't want to deal with all of this after he's gone.
Also, with the 5 year look back, even if you did put your name on the Deed, Medicaid would consider it a "gift" from your Dad if he does apply to Medicaid within the next 5 years, and they could use your share of the house to pay for your Dad's care.
Hopefully your Dad will be around for a long time :)