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Joined: Oct 2015
Posts: 7,277 Likes: 4
14 point
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14 point
Joined: Oct 2015
Posts: 7,277 Likes: 4 |
My grandfather deeded his land and house to my dad before he got in bad health. This was to keep a nursing home or any govment outfit from taking it. My parents will do the same before (if) they need long term care.
If you have elderly parents with considerable assets you better make a similar plan. . You can put it in a Revokable living trust to protect your assets and still have control over it and they can't touch it.
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