Search results for "promissory"

My son and daughter-in-law bought a house with a “granny flat” attached. I gifted them the money for the down payment and in return I can live in the granny flat until my passing. My daughter-in-law and I do not...

While it is preferable to conduct long-term care planning well in advance of needing care, if you haven’t planned ahead, there are some strategies available to avoid spending all your assets, including “half a loaf.” ...

After road testing three leading Web sites that help you create your own will, power of attorney, and other important legal documents . . . ...

Many seniors consider transferring assets for estate and long-term care planning purposes, or just to help out children and grandchildren.

Here are some issues grandparents should consider before making gifts to grandchildren or other family members.

My mother has had financial issues for the past nine years. Over the course of that time, I have: loaned her money (that has yet to be repaid); provided for her room and board for a period of 18 months;...

I'm 53, disabled, and own a home. My sister, who is my heir, is worried that if I need to go into a nursing home, the state will take the house from her. I still owe her money, which she...

Does Medicaid consider a promissory note an asset? For example, if I sell my house and I carry the contract, does the mortgage I hold constitute an asset for Medicaid planning purposes? If so, is the asset value based on...

My dad currently lives in an adult family home. We spent down his retirement and savings to pay for the facility, and then he applied for Medicaid. The State of Washington denied him Medicaid benefits for being over the asset...