What happens if the property is sold during the lifetime of the parent? Many individuals protect their home from Medicaid and the cost of long-term care by transferring their property to a family member but retaining a life estate interest. …
Read More Problems When Life Estate Is Sold During a Person’s Lifetime
Choosing a nursing home is an extremely important and often overwhelming decision that affects the daily life of you and your loved one. You want to be sure that your loved one is receiving the best care. There is a…
If significant assets are transferred to a child, then there will be a tax and estate planning ramifications from the transaction. The transfer of funds may prevent the parent from obtaining Medicaid assistance to pay for needed long-term care. In…
