QUESTION
How do we protect my mom's assets from sale of condo
Asked on Sep 23rd, 2015 on Trusts and Estates - California
More details to this question:
Lost her life savings a few years ago. Lives on social security and small pension. Needs to sell her condo and get asisted help No long term care insurance. Family doesn't have money to help her. How do we protect her equity? She has to put her condo up for sale very soon.
1 ANSWER
Estate Litigation Attorney serving Redlands, CA
at
Price Law Firm, APC
Update Your Profile
If you are talking about planning to avoid Medi-Cal reimbursement, then the strategy involves not having anything of value in the estate at the time of your mom's passing. She would have to gift the condo or the proceeds of the condo to one or more family members.
Answered on Sep 26th, 2015 at 6:32 AM