If you are an estate trustee managing a trust or an executor of an estate that owns real property, you may need to sell the real property throughout the course of trust or estate administration. Before moving forward with the…
Medicaid is not in the market to own people’s houses. However, that does not mean that the value of your home isn’t exposed without proper Medicaid planning. An individual looking to qualify for Medicaid for either Community or Nursing Home…
Inheriting real property can change a person’s life for the better or for the worst. A common issue for those who inherit property is the decision to either sell or keep and maintain the property to generate rental income. Each…
Our firm often works with individuals who invest in rental properties. Sometimes, it is advisable to transfer the client’s interest in the rental property into a trust. When discussing your rental property(ies) with your attorney, it is important to provide…
For most people, the greatest financial asset they leave behind is real estate. Real estate is a lifetime investment and serves as a vehicle to pass down wealth to future generations. While the process of purchasing and maintaining real estate…
If you own a home, you likely are already aware of homeowners insurance and its importance in insuring your residence. However, what insurance, if any, should you have on a rental property? A standard homeowners insurance policy in most cases…
A reverse mortgage may benefit many people, but is it right for you? Factors to Consider Your desire for financial independence Your ability to remain in your own home for the rest of your lives Your need for supplemental income/improved…
In my experience (Deanna M. Eble, Esq.), one of the biggest concerns for clients, especially seniors, is that they do not want to lose their home to long-term care costs. An Example Recently I met with Sal. He has two…
A reverse mortgage is a mortgage loan, usually secured over residential real property, which enables the borrower to access the equity value of the property. Specifically, it is a financial agreement in which a homeowner relinquishes equity in their home…
There comes a time where a child or family member may need to have tough conversations with an aging parent or family member with regard to their driving and housing. While there is no clear scientific evidence that indicates how…