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Personal Finance and Investing

marybourg

(13,264 posts)

6. Also, fully inform yourselves of potential Medicaid (not Medicare)

Reply to 3Hotdogs (Original post)

Sat Jan 11, 2025, 12:22 PM

Jan 11

consequences of selling the house for less than fair market value and of making a gift to you. For this, you might need to consult an Elder Law, (not Estate) specialist.

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SheltieLover

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Tax question - My life partner and I are not married. We live in a 2 family home that she owns. 2nd floor is occupied by [View all] 3Hotdogs Jan 11 OP

Find a good attorney before you do ANYTHING. Joinfortmill Jan 11 #1

You should probably talk to an accountant or other professional about this. Ocelot II Jan 11 #2

Ask a qualified tax professional euphorb Jan 11 #3

This would require an attorney to establish. Of course, we would ask those questions. 3Hotdogs Jan 11 #4

Good on you to be planning ahead for your next chapter in life. Deuxcents Jan 11 #5

Also, fully inform yourselves of potential Medicaid (not Medicare) marybourg Jan 11 #6

We are both on Medicare. 3Hotdogs Jan 11 #7

There are three types of Medicaid IbogaProject Jan 11 #8

Good info - we have personal experience with the home bound assistance type. In Texas, even for that walkingman Jan 11 #9

She has a home care policy for three years. 3Hotdogs Jan 11 #10

Get an Eldercare workup no matter how prepared you think you are IbogaProject Jan 11 #11

I know the value of an elder law attorney. When my mom was going south, we paid 2,500 for documents. 3Hotdogs Jan 11 #12