Legal Question in Elder Law in California
My father is a resident at the veterans home in Yountville Ca. He has a will,revocable trust. He owns primary residence, rental home. He contributes 47% monthly income (1100).Actual cost exceed this and the difference is tracked over time. He has a will and a revocable trust. Should he pass away as a resident I was informed that the VA will seek compensation for the difference of contribution vs. actual cost over time. Is this correct? is his residence exempt? Would it be prudent to change titles on the homes (to Dad and I) despite reassessment consequences? His concern is preserving as much of his estate notwithstanding an equitable solution with the Veterans home. Thank you!
1 Answer from Attorneys
1. You can't dodge the various old age benefits recoupment laws just by moving assets or everyone would do it and nothing ever would be recouped. 2. Your dad needs someone to review the specifics of his situation and make recommendations specific to his holdings and the recoupment programs he may be subject to from an elder finance and estate planning specialist. You won't get any kind of realistic answer over the internet.
Related Questions & Answers
-
Can i sue some one that my mom who is 75 years old gave permission to a family... Asked 10/03/16, 1:08 pm in United States California Elder Law
-
My sister had POA over my mother who has alzheimers. She has people she pays to... Asked 9/30/16, 7:53 pm in United States California Elder Law
-
How can I compel a Trustee to provide an accounting or any information after 18... Asked 8/16/16, 12:22 pm in United States California Elder Law
-
I need help with elderly abuse and carving contracr Asked 7/04/16, 7:56 pm in United States California Elder Law
Looking for something else?
10,200 active attorneys ready to answer your legal questions today.
Featured Attorneys
Earn additional revenue and grow your business.
