Blog Archives

The Hidden Costs of Transferring Your Home (Part 2)

                In my post last week I told you about Joe’s call concerning the sale of his mother’s home.  A few years ago she went to an attorney to prepare a deed transferring the home to Joe and his sister, but keeping a life estate for herself.  A life estate is a legal right to […]

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The Hidden Cost of Transferring Your Home (Part 1)

       Joe sounded upset when he called us. His mother wanted to protect her home from the cost of long term care so a few years ago she transferred the house to Joe and his sister, keeping a life estate for herself. Now they want to sell the home because his mom needs […]

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When Protecting Assets Beware of Capital Gains Tax (Part 3)

            The last two weeks I have been explaining the danger of ignoring a potential capital gains tax while focusing on the avoidance of estate tax and asset protection from the cost of long term care.             Mom wants to protect her $600,000 home from being lost to the cost of long term care.  If, […]

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When Protecting Assets Beware of Capital Gains Tax (Part 2)

             Last week I told you that when protecting assets from the cost of long term care or from an estate tax when you pass away, there is another tax – capital gains tax – to be aware of and I explained how the tax is calculated.  This week let’s look at a few more […]

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When Protecting Assets Beware of Capital Gains

         When we get calls with questions about how to protect assets from being spent towards long term care #longtermcareplan or how to protect an estate by minimizing or eliminating an estate tax the focus is limited to the value of the asset.  In the case of asset protection a typical fear is that Mom does […]

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