QUESTION
What is the best way to sell the co-op apartment and split the money from the sale three ways when she passes?
Asked on Aug 13th, 2013 on Estate Planning - New York
More details to this question:
My grandmother (NY) owns a Co-Op that she purchased over 30 years ago. She wants to leave it for me, my mother, and my aunt when she passes away. Do we need to make a trust, a gift or what? Will this affect her Medicaid or Medicare she is on? We want to get the legal documents and process done ASAP. Please advise.
1 ANSWER
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She can do this in her Will. A Will doesn't take effect until death, so it won't affect any benefits she's receiving.
Answered on Aug 15th, 2013 at 4:36 PM