if a Medicaid recipient's daughter took care of him before he entered the nursing home and she has no other permanent residence, she may be able to avoid a claim against his house after he dies. Consult with your attorney
In some states, jointly held property like a house is part of a deceased spouses estate. In those states, credit card companies can claim a portion of it to pay off outstanding debts. In most situations, someone whose spouse dies is only responsible for the deceased’s credit card debt if...
dies. Both may deal with the pain of loss and both may worry about the future. But because many couples divide their household chores, there can also be differences. For example, one person may pay bills, clean house, and handle car repairs. The other person may cook meals, file ...
4) Cameron passed away on March 23, 2020 and designated as IRA beneficiary a nephew. A nephew is not an EDB and so must use the 10-year payout rule. The nephew then designates his sibling as successor beneficiary. If the nephew subsequently dies in 2023, prior to depleting the IRA, th...
Ok I did cry once, but that is when my Grandma died, and well everyone is allowed to cry a little when their Grandma dies. Not a sissy cry with lots of slobbering or anything just a tear or two. More of a something in your eye cry not like the women do. She was such a nice...
I no longer have to worry about him leaving the house each night to work as a police officer and put his life on the line for the wellbeing of others. In an odd way, we both believe that even this bad thing happened for a reason. It forced John to slow down. It also forced me...
The holidays are hard. The first year is tremendously traumatic. If I ever had any advice to give young people, it would be don’t get married on a holiday. That’s your anniversary, and, if your spouse dies, it is tough. We have people who were married on Valentine’s Day or Chri...
What the couple can do is that they may have joint ownership of everything they own. The house they reside in, other properties and all the cash should be considered in the joint ownership of both the spouses. Then, in the event of one’s death, the surviving spouse will retain his/he...
Both Spouses Can Still Own The House In our case, we plan on putting both our names on the title of the house with rights of survivorship. From what I’ve read, in many states both spouses have equal interests in any purchased house no matter who is on the mortgage, so it may not ...
of the house. They went through the various loan offers. Some of the banks insisted that the co-owner be the co-applicant too. So they had to seriously look at the advantages and disadvantages of a joint loan. They were in a quandary: Should they apply for a joint home loan or not?