What is a Life Estate?
What is a "Life Estate"? Think about ownership of real property to consist of a bundle of rights, called “Ownership...
August 25, 2011
Asset Protection, Short QA, Veterans Administration
Asset Protection, Short QA, Veterans Administration
Will the VA Consider the Value of a Home an Asset if the Senior Veteran is Not Living There?
Question: My father recently moved to an Assisted Living Facility but still owns the home he moved from. We plan...
June 15, 2011
Asset Protection Planning
Asset Protection Planning
Asset Protection Planning – Planning for the Possibility of Nursing Home Care
Question: My elderly but healthy parents own some collectables valued at approximately $100,000. They also jointly own their house with a...
May 24, 2011
Asset Protection, Short QA
Asset Protection, Short QA
How to Protect Your Home Even if You Need Nursing Care
Question: My father is 88 and lives in an assisted living community, private pay. My mother resides in a town...
March 11, 2011
Asset Protection, Asset Protection Trust, Short QA
Asset Protection, Asset Protection Trust, Short QA
Some Questions on Using a Trust to Protect a Home When in a Nursing Home
If my mother, a widow in her 80s, sets up an irrevocable trust to protect her house, then needs nursing...
February 24, 2011
Asset Protection, Asset Protection Planning
Asset Protection, Asset Protection Planning
Can You Protect Your Assets and Have Medicare/Medicaid Pay for Extended Nursing Home Care?
There are a variety of legal methods that can be used to prevent an elderly couple's entire net worth from...