Posted on: 14th Jul, 2010 12:08 pm
What can we do to protect my mother from loosing her home in case of long term care expenses? We -her children are hoping to inherit the house when she passes. She is 76 years old and starting to show signs of health problems now. How can we protect her asset?
You should consult an estate attorney who is familiar with such things. There are a wide variety of trusts, deeds, etc that vary from state to state. Each has their own benefits and their own drawbacks. You need someone who is familiar with the laws in your area.