I'm not sure who you refer to as "they". I'll guess you mean the government, not the "folks".
Would it make good sense for a 75-year-old woman to transfer the deed to her house to one or two of her children? Just wondering what you think.
Sorry, I should have been more clear. If you go into a nursing home, either a private or public one, or say you want to enroll in medicaid, the IRS will check the status of of when you divested your funds.
Is it a good idea to transfer the deed? Well, it depends on your situation. Do you trust your kids? Do you plan on needing assisted living at some point? Do you not want to pay a death-tax (depending on your state)? I mean, the best thing to do is talk with an estate adviser (an attorney who specializes in that sort of thing in your state).
We have an LLC and an S Corp for different reasons, we own very little assets, even our cars are leased through the LLC, and we pay rent to our LLC for our home, and the LLC even pays the taxes as they own the home.
Find a good lawyer who specializes in this sort of stuff, and they can navigate the red tape for you, and customize a plan that suits your individual needs.