I have a real estate questions?

To be sure, the terms of the contract will govern the outcome, but it is not unusual with a lease/option for the "deposit" to be payment for the...

Can my mother get a Lady Bird Deed / Trust on her Homestead in Texas while she owes a balance on the home.

Generally, transfers to a revocable living trust or transfer on death deeds are not current transfers and will not violate the due on sale clause

Can I keep my medicaid health coverage if my spouse receives a lump sum payment?

Basic Rule: Community Spouse's income doesn't count against the Institutionalized Spouse, but can reduce the Community Spouse Income Allowance (if...

Will Medicaid eligibility be problematic if some of my elderly mom's accounts were set up in my name?

This is one of those situations (and there are many!) where a common sense, family-based solution can result in difficulties when applying for...

Elder Law Advice: Moving all my moms assets into Irrevocable Trust for Medicaid nursing home care purposes.

Yes you're on the right track and these trusts have wide applicability... Not sure I'd mandate the income payments, though, why not keep flexibility?

Selected as the best answer

How can I obtain an accounting of my elderly mom's estate?

Time to get help... like an assertive probate litigation attorney... and get this mess cleaned up. Unfortunately this is not an unusual situation.

Under DPOA in MI your not allowed to give gifts does renting house under market rate to family member by half violate this

Bingo! Transfer of a resource for less than fair market value is a divestment and bargain rent is just that... However, what if the transaction is...

Legal issues when volunteering for elders?

Best bet is to work through your church or other civic organization... you would not believe the crap that gets hurled at true good Samaritans by...

Medicaid Deductible

Always consult with local counsel in your situation, but generally: The deductible has to do with how much your mother pays each month, not how...

Should I liquidate her assets?

Step One: Talk to Elder law attorney Step Two: Get Storage Space Step Three: Move Tools to Storage Space Step Four: Get the House listed and get...