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Medicaid Planning | Knapp Law Firm, PC

Tag Archives: Medicaid Planning

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Life Estate Deeds

Life Estate Deeds
What is a life estate deed? The short answer is a life estate deed separates ownership of real property between two different parties.  Often, but not always, the parties are the parents or one parent, and a child or more than one child, and sometimes grandchildren.   One party gets life time use of the property…
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Pre-planning for Long Term Care

Pre-planning for Long Term Care
How can one pre-plan for long term care? There is an old Chinese saying that the best time to plant a tree for shade is 20 years ago.  The second best time is now.  There are two kinds of planning for long term care – pre-planning and crisis planning. Pre-planning is when the client has…
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