How Do We Calculate Capital Gains on Gifted Property?

My aunt has an irrevocable trust with her home. However, she wants to dissolve that trust now and give the house to me and my wife to live in as our primary residence. What and how do I calculate the capital gains?

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Can I Help Dad with Assisted Living Expenses?

My dad, who is 95 years old and a veteran, is in an assisted living facility and receives Aid and Attendance. His monthly rent at the facility just went up by $350. He is struggling to make ends meet. Can I, as his daughter, help him pay his bills? Will it affect his Aid and Attendance benefits? Could I potentially gif...

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Is Nursing Home Required to Escort Patient With Dementia to ER?

If a resident (with dementia) of a nursing home goes to the emergency room, is the nursing home required to provide them with an escort?

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How Should I Navigate the Sale of Dad’s Home?

My sister and I, along with two other people we hired, provide care and help for our 95-year-old father, who remains in his home. It's getting to the point that we will move him into my house, and we would like to sell his house. What is the best strategy to sell the house from a tax perspective? Should Dad gift the ho...

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Does an Executor Have to Provide All the Bank Statements?

As executor of an estate, do I have to supply all beneficiaries with the final tax return and all the bank statements?

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How Will Selling Home Affect Medicaid Down the Road?

My parents need to sell their house to go into an assisted living facility. They want to sell it to their granddaughter. How will this affect Medicaid down the road (as they will need it within a year of selling)?

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Who Gets the Home if the Community Spouse Dies?

If the community spouse dies, who gets the home? The nursing home spouse does not have her name on the home.

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Can the Texas Medicaid Estate Recovery Program Take My Land?

If I sign an affidavit of heirship because my father died and left no will, but the Medicaid Estate Recovery Program in Texas hasn't taken any action (two years have passed since his death), can they take my land if I sell the house to recoup the money I got for selling my father's home?

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Can I Purchase the Home of My Cousin on Medicaid?

Can I purchase my cousin's home for only what she owes while she’s on Medicaid?

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Does a Specific Bequest in a Will Need to Be Appraised?

Does a specific bequest in a will need to be appraised?

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