Real Estate

Protecting Your Home

By Burner Law Group, P.C. / July 1, 2015 / 0 Comments

Clients often ask how they can ensure the home in which they live or their vacation home can be protected against the cost of long term care. These assets are often worth much more to our clients than the cash value; they represent hard work to pay off the mortgage and are wrapped in memories. […]

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Can We Avoid Capital Gains

By Burner Law Group, P.C. / December 24, 2014 / 0 Comments

Question: I am considering creating an Irrevocable Trust to protect my house and other assets, but I am concerned about creating a situation where my children will have to pay Capital Gains tax. Answer: An “Irrevocable Trust’ can offer the creator, often referred to as the  “grantor,” lifetime control over his or her assets, without […]

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Outright Transfer of Home

By Burner Law Group, P.C. / December 3, 2014 / 0 Comments

Question: My friend suggested that I transfer my house to my children in case I need nursing home care in the future. Is this advisable? Answer:  In almost all cases our answer to this question is no. Your friend is likely suggesting this because she has heard of the five year look-back. The look-back refers […]

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Should I Be Putting Property in My Children’s Names?

By Burner Law Group, P.C. / June 18, 2014 / 0 Comments

Elder Law attorneys hear this question constantly. Typically, once people reach a certain age there is an invisible pressure to transfer assets out of one’s name and into that of their children. Some people feel that if they do not do this, the “State” will take their money either in taxes or for the costs […]

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