Purchase a Life Estate in a Relative’s Home – Medicaid Planning Strategy
Is it time for you or your loved one to move in with family members and sell your home? It’s not an easy decision to sell your home and create a new space in a relative’s home, but many times it is the best decision an aging person can do. If that is your plan, don’t overlook proper planning of the sale proceeds from the home with an eye towards Medicaid Planning. If long term care needs beyond family care is a possibilty, consider speaking with an elder law attorney about implementing a plan that involves purchase of a life estate in the relative care giver’s home.
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