Legal Question in Real Estate Law in New Jersey
Condo/taxes
I own a condo which has been paid in full.
I would like to put the deed in my childrens names.
As my health is going down. And I don't want the Hospital to but any leins on my condo.
My realestate taxes are frozen.
Can this be acheived?
Thank you,
1 Answer from Attorneys
Re: Condo/taxes
I don't know what you mean by "my real estate taxes are frozen."
Before you change ownership of the condo, please consult with an Elder Law lawyer. You may be jeopardizing your ability to receive medicaid and nursing home care, should that be necessary in the next few years.
You may always devise the real estate to your children by Will. You do have a Will, don't you?
This response is not legal advice, since I do not have all of the information that would be required, and I do not have a representation agreement with you.
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