Archived
Does relative need attorney & what kind? Wants to remain in home w/ elderly dad but living-aid application has been red-flagged.
Ricki's answer
|
Answered on August 22, 2015
This sounds more like an issue with Section 8 than that of elder care services. It seems you have already crossed that hurtle. Do you have any...
Archived
How do i put my son as beneficiary on my home and what does it usually cost!
Ricki's answer
|
Answered on August 12, 2015
You can leave your house to your son by either stating it in a Will or Trust. You may also choose to put his name on the deed along with yours....
Archived
Is a will legal when the kids tell the parent what to put in it
Ricki's answer
|
Answered on August 12, 2015
There is no legal reason why your siblings should not have known the contents of the Will or even to have been with your mother when she had it...
Archived
Owing Property and going into a long term care facility... see details below.
Ricki's answer
|
Answered on April 24, 2015
If your parent is a private pay there is no time limit for admission to a facility. When you apply for Medicaid is when the issue of gifting...
Archived
Upon a persons death what control does ones power of attorney have in reguards to the persons estate ?
Ricki's answer
|
Answered on April 24, 2015
Generally, Powers of Attorney expire upon the person's death. Post death, the person who would take control is the Executor if the decedent had a...
Archived
While a grantor of a revocable trust is alive, should I keep the beneficiaries aware of expenses or is that just trouble?
Ricki's answer
|
Answered on April 24, 2015
In many cases this may be an invitation for trouble. Unless one of them has Power of Attorney, there is no requirement that you do so.
Hope...
Archived
If I have appreciated stock and put it in a trust what is the cost basis is it my original cost
Ricki's answer
|
Answered on April 20, 2015
When you fund a Revocable Living Trust, your cost basis in the underlying assets stays the same as it was prior to the transfer. Your...
Archived
My mother died and within a couple of days my father allowed one of my brothers along with his wife and two children to move in.
Ricki's answer
|
Answered on April 17, 2015
Hi.
If your father is the rightful owner of the house either by deed or inheritance, there is little you can do. He, as the owner, can do with...
Archived
When does a trust become irrevocable?
Ricki's answer
|
Answered on April 17, 2015
Your father's trust needs to be administered, i.e. split into the sub-trusts. These are the A and B Trusts. The A trust will remain revocable and...
Archived
How does the Medicaid penalties work?
Ricki's answer
|
Answered on March 24, 2015
It sounds like you are embarking on what is called a Spend-Down for Medicaid qualification purposes. If this is correct, there are many other...
Ad
Transform legal challenges into solutions.
Connect now to review your situation.
The Avvo Rating explained
The Avvo Rating explained