State of Washington Estate Planning Helping families and individuals draft estate planning documents to protect their families during times of loss.

April 16, 2009

Here is an interesting ‘thinking about transferring your home’ post.

Filed under: Uncategorized — Michael T. Kleps @ 10:47 am

I think this post may be a bit off.  Certainly a poorly timed transfer of the family home can result in unnecessary capital gains tax. However, under medicaid rules, a person need not sell their house to qualify for the needs-based long term care. Anyway, the trust angle proposed sounds interesting and may add some financial flexibility for families dealing with health care costs. I think I will soon have cause to look closer at the issue. See the post here.

Powered by WordPress