ELDER LAW:
An elderly father and his adult son came to our office just after the mother had died. All three had been joint owners of property that was being sold and father and son had questions regarding the proceeds from the sale. Specifically, they wondered if they would be able to put all the proceeds in the son’s name. By doing so, they hoped to provide for the son since he was unemployed and enable the father to qualify for state assistance should he need future nursing home care.
We cautioned the father and son that any transfer of the father’s share of the proceeds to the son would have adverse consequences should financial assistance from the state be required before five years had passed. We also advised them that “gifting” would have tax implications. Our concern was that although the father wanted to help his son, he could be jeopardizing his own financial future.
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The Law Offices of Jeremy W. Howe, LTD. are ElderLaw
attorneys in Rhode Island who specialize in Wills and Trusts, Estate
Planning, Guardianship, Probate, and Veterans Aid and Attendance
Benefits.
They also are Newport Rhode Island Divorce Lawyers, Attorneys,
Mediators, and Arbitrators providing services for Family Law issues
such as Divorce, Child Custody and Visitation, Support, and Military
Family Law.
Call them today at 401-841-5700 or visit them on the web at http://www.CounselFirst.com.
Jeremy Howe, Kristy Garside and Hilary Carlson are Newport RI Family Law and Elder Law attorneys who maintain an Elder Law E-Newsletter, Elder Law News. Subscription inquiries can be directed to JoanHowe@counselfirst.com.
Saturday, February 12, 2011
Friday, February 11, 2011
Durable Powers of Attorneys Documents
THE SIMPLEST PLANNING DOCUMENT CAN BE THE MOST USEFUL DOCUMENT.
***WE MAKE ELDER LAW HOUSE CALLS IN RI***
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The Law Offices of Jeremy W. Howe, LTD. are ElderLaw attorneys in Rhode Island who specialize in Wills and Trusts, Estate Planning, Guardianship, Probate, and Veterans Aid and Attendance Benefits.
They also are Newport Rhode Island Divorce Lawyers, Attorneys, Mediators, and Arbitrators providing services for Family Law issues such as Divorce, Child Custody and Visitation, Support, and Military Family Law.
Call them today at 401-841-5700 or visit them on the web at http://www.CounselFirst.com.
Labels:
durable power of attorney
EDUCATIONAL BREAKFAST: Durable power of Attorney: Importance, Differences, and Validity
EDUCATE YOURSELF AT ATRIA AQUIDNECK PLACE
Professionals are invited to join Atria Aquidneck Place for an educational breakfast event. Hilary Carlson, Esquire, LICSW, of the Law Offices of Jeremy W. Howe will discuss the legal and social importance of Durable Powers of Attomey.
A complimentary breakfast will be served. Don't miss this valuable opportunity to learn more.
February 22
7:30 am
RSVP by February 15
7:30 am
RSVP by February 15
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The Law Offices of Jeremy W. Howe, LTD. are ElderLaw attorneys in Rhode Island who specialize in Wills and Trusts, Estate Planning, Guardianship, Probate, and Veterans Aid and Attendance Benefits.
They also are Newport Rhode Island Divorce Lawyers, Attorneys, Mediators, and Arbitrators providing services for Family Law issues such as Divorce, Child Custody and Visitation, Support, and Military Family Law.
Call them today at 401-841-5700 or visit them on the web at http://www.CounselFirst.com.
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