Powers of Attorney are usually prepared as part of long term care planning. Why? It is important to name someone to handle your medical matters and financial affairs if you become incapacitated and are unable to make appropriate decisions. The Principal, you, name...
Month: September 2014
Should my parents transfer their home to me?
When doing long term care planning, a child may ask their parents to transfer the family home to him or her for $1. The child may think that this is a purchase, but it is considered to be a gift to the child. A Deed will need to be prepared and signed by the parents...
Should I transfer my home to my child?
When doing long term care planning, many people ask about transferring their home to a child for $1. Such a transfer is a gift, a very large gift. The parents plan to continue living in the home. Is the gift a good idea? There are a number of factors to take into...
