There's a common misconception that once you assign assets appropriately through a trust, transferring the family home ownership means while one parent's going into long-term care, that also means the other parent who remains at home, somehow has to also move out. This is most definitely NOT the case. Whatever parent remains capable of staying in the home may have life use of the home regardless of transfer of the home as an asset into a trust.
By being proactive and planning now for the impending costs of nursing homes and long-term care, you really MUST consider the family home is typically your parents' largest asset. By taking smart steps now, I can help you protect not only your family fortune, including your family home, but also help you save a great deal of your money in the long run.
~ Tony Copani
Tony Copani has been protecting family fortunes small and large for over thirty years. Staying on top of all the latest and ongoing changes in Medicaid Law is at the forefront of what makes Tony different. Medicaid Law is incredibly complex and always shifting. The paperwork alone is incredibly intimidating to a family who's confused and frustrated about what to do next. Set up your FREE consultation with Tony in his downtown Syracuse office. CALL 315-478-3500 or email Tony here. In unique circumstances, Tony can also come to you if that is your only option.
Tony Copani has focused his practice on serving the needs of families for Medicaid Law and protecting the family fortune for over thirty years. As a founding partner at Mannion Copani, Tony immediately gives families peace of mind when they learn it's never too late to save your money and protect your assets.