As a Buffalo Elder Law Attorney, many of my clients’ most valuable asset is their home. There are many protections for those who are going to nursing homes that own homes. First off, if you have a child caregiver, you may be able to transfer the house to them without being penalized. If you’ve had a brother or sister that has helped you with living expenses, you may be able to transfer the house to them. Also, you will be able to transfer the house to your spouse. It’s very important in order to do this that you have a proper power of attorney.
Would you like to use your house for an exemption for Medicaid eligibility? If so, contact the experienced Buffalo Elder Law Attorney Robert Friedman.
This educational legal blog was brought to you by Robert Friedman, an experienced Buffalo Elder Law Attorney.
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