Can property where a parent retains a life estate transfer to children before parent passes away?
As the other attorneys have said, the life estate will continue to belong to your father until he passes. It does not matter where he actually...
Winchester, MA
Estate planning Lawyer at Winchester, MA
Practice Areas: Estate Planning, Elder Law
As the other attorneys have said, the life estate will continue to belong to your father until he passes. It does not matter where he actually...
Attorney Zichi answered this very well. For VA purposes, the home would be non-countable because your father could always decide to return home....
Unless you have committed yourself by co-signing for credit cards, a mortgage, or other similar document, there should be no financial obligation...
Attorney Pickard is correct. You will not be allowed to withdraw any money unless you have been appointed in a power of attorney document, or been...
Unless the lawsuit you are considering is based on the signature, I do not believe it matters what the signatures are. If the nursing home has...
Attorney Barron made a good suggestion about adding names to the existing account. However, be aware that ownership of accounts will trump the...
Two other things you may want to consider: (1) Does the Will have any language about compensation for the executor? If it does, that language...
In Massachusetts, in order to avoid estate recovery if your mother passes away, the home must be transferred while she is alive. Once transferred...
Selected as the best answer
I agree with the answers of both of the Attorneys who have addressed your question. But reading your question again, you state your goal for doing...
Attorney King is correct: in Massachusetts, the primary residence of a person in a nursing facility, who is applying for Medicaid (MassHealth), may...