Not asking about Medicaid, Nursing Home spend down! Just want to know how a funeral trust impacts my assets!
Yes it does, if it is an irrevocable funeral trust.
Saint James, NY
Elder law Lawyer at Saint James, NY
Practice Areas: Elder Law, Estate Planning ... +2 more
Yes it does, if it is an irrevocable funeral trust.
Word of mouth, that is, a recommendation is usually the best way to go. Of course, it likely will be helpful if the attorney is in the geographic...
Your last question is actually the main question. If your sibling is the owner of the property, you are not needed for anything. When you say you...
No
As an attorney and title agent, I can tell you that the title company needs to ensure clean title. There apparently was no will on file probated...
Yes they are. Unethical? Yes, but illegal? No. Welcome to the wonderful world of real estate negotiations.
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Ultimately, the answer is 'no', but you likely will need a lawyer. You say you are selling, but you and she are selling. You will need...
If the transfer is a gift, there will be no tax. However, there could be a gift tax Concern ( which is not likely) Or a capital gains tax concern...
Although her co-op is exempt while she lives in it, upon her death Medicaid will have a lien on it for the amount that was paid for her care...
Whoever advances payments of this type for the house should be reimbursed before net proceeds from sale are divided. Your attorney should advise...