Legal Question in Family Law in New Jersey
how to keep nursing home from taking all of inheritance
My mother is 82. She has many assets worth a good deal of money. If she should be put in a nursing home where bills are quite high is there legal ways for her to give her money and property to her children without any legal problems. I understand a person can give money as gifts to family members once a year that is none taxable and can she claim such gifts on her income tax. Would it be wise to change the name her house is in to her childrens name?
Asked on 12/24/02, 2:26 pm
1 Answer from Attorneys
Gary Moore
Gary Moore Attorney At Law
Re: how to keep nursing home from taking all of inheritance
This is not a question I will answer.
Answered on 12/25/02, 11:27 pm