Long term care planning involves many issues, one of which is pre-arranging your funeral. There are a number of advantages to doing so. You get to choose what type of funeral you want, be it burial or cremation, and what funeral home you would like to use. You can...
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Long Term Care Planning
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...
Planning and the Nursing Home Decision
Part of long term care planning may involve the decision that a loved one can no longer adequately be taken care of at home and needs to be placed in a nursing home. This is one of the hardest decisions to make since no one really wants to go to a nursing home, and...