Consider Carefully Before Buying A House With Someone Who May Need Medicaid
Friday, March 5, 2021
It is not uncommon for people to buy a house together with an elderly relative.
It is not uncommon for people to buy a house together with an elderly relative.
Powers of Attorney allow someone else to handle business affairs for you when you can not or do not want to handle your own affairs.
One of the most important things to remember, following a divorce, is that there are things that must still be done following the divorce.
Don’t wait to do these things, thinking that you can do them when you get around to them.
Often a person wants to leave property in his or her Will to a child.
If a person is no longer able to handle his or her own personal affairs, and thereby puts themselves or others in danger, a guardian can be appointed for the person in Oregon.
Generally, it is very difficult to move forward with health care if a person is no longer able to direct their own health care if there is not a valid Advance Directive for Health Care in place.
In some circumstances, a Medicaid recipient, or even a person who is planning to make a Medicaid application, may be able to transfer their home to children who lived in the home with them for a certain period, and who provided a certain level of care during that period.
Some people wonder if they need a Will or other estate plan if they are ordinary middle class folks, or even people of moderate wealth, but who fall below the estate tax threshold.
Sometimes there is a situation where one side has filed a case in court first, and where the other side filed somewhat later, in another county, but achieved service on the first person first.
Some people decide not to have a Will because they expect to spend everything before they die.
While one can plan for this, sometimes death comes unexpectedly.
There might be a pandemic. Or, more prosaically, one might have a car accident.