What is the name of your state (only U.S. law)? Indiana
Throughout the yrs I've alway's heard this,
(When a person goes into a nurcing home.Nurcing homes will find a way to take it all.As seize banks/funds,house ect.)
With this said,I've heard of people that would transfer the elderly's money from on account to another or to their own as hiding money to prevent the nurcing homes from getting it all.As most hide money in safety deposit boxes or simply hide money in the house or even go as far as barring money in the ground example.
I also,heard of people saying this,Your aloud to give a gift up to $10,000 a yrs example.Or placing money in CD's.I maybe wrong with what I'm saying or attempting to explain.Truth be told,we hear it all the time this stuff going on.Transfering car titles to other's names as well as a elderly person selling their home to a family member for a dollar just so the nurcing home doesn't get it.
This statement has been around for many yrs,(If there is no Will and no next of kin it will all go to the state example.)Many here may differ this statement.
We all know if there is any remaining creditors to be paid.But,in the long run this statement above is fact.
After any remaining creditors the money/funds/estate goes where?If no next of kin and no Will or no POA?My guess the remaining goes to the state or to unclaim funds to the state.I'm sure the state isn't gonna attempt to track a living family member down for a estate.
I was told this,if true I don't know,
If no Will and No POA.After /if any creditors.The remaining estate will go down the line.example,if there's a living brother,Sister or the next of kin down the line.
If there is no next of kin to be found?If not,the estate going to the state?Where then will the estate go?I'm sure that's where nurcing homes make their big money from seizing estates like this example above.
My Dad wants me to have his home after he passes.The home means alot to me as growing up and memories.Dad & I would love to keep the home in the family.The home's been in the family for many yrs as a farm since the 1800's.My Dad had his Will done.The Will states after Dad's passes everything goes to me.
My worries is this,
When/if it comes to the time to where Dad needs to go into a nurcing home.Will the nurcing home attempt to sieze the home/farm/funds ,estate ect?
If the home is in the Will can the nurcing home touch it?
From what I hear through the grape vine is,it's legal for Dad to sell me the home for a dallor.To avoid creditors,nurcing home siezing the home.Is this true?If so,what do I need to do?
Does this need to be done before Dad is told by a doctor not competent to make decisions?
Dad is competent now But,it's coming to the point to where it's coming soon he will not be.
What can we do to insure the home wont be touched by a nurcing home or creditor?
Throughout the yrs I've alway's heard this,
(When a person goes into a nurcing home.Nurcing homes will find a way to take it all.As seize banks/funds,house ect.)
With this said,I've heard of people that would transfer the elderly's money from on account to another or to their own as hiding money to prevent the nurcing homes from getting it all.As most hide money in safety deposit boxes or simply hide money in the house or even go as far as barring money in the ground example.
I also,heard of people saying this,Your aloud to give a gift up to $10,000 a yrs example.Or placing money in CD's.I maybe wrong with what I'm saying or attempting to explain.Truth be told,we hear it all the time this stuff going on.Transfering car titles to other's names as well as a elderly person selling their home to a family member for a dollar just so the nurcing home doesn't get it.
This statement has been around for many yrs,(If there is no Will and no next of kin it will all go to the state example.)Many here may differ this statement.
We all know if there is any remaining creditors to be paid.But,in the long run this statement above is fact.
After any remaining creditors the money/funds/estate goes where?If no next of kin and no Will or no POA?My guess the remaining goes to the state or to unclaim funds to the state.I'm sure the state isn't gonna attempt to track a living family member down for a estate.
I was told this,if true I don't know,
If no Will and No POA.After /if any creditors.The remaining estate will go down the line.example,if there's a living brother,Sister or the next of kin down the line.
If there is no next of kin to be found?If not,the estate going to the state?Where then will the estate go?I'm sure that's where nurcing homes make their big money from seizing estates like this example above.
My Dad wants me to have his home after he passes.The home means alot to me as growing up and memories.Dad & I would love to keep the home in the family.The home's been in the family for many yrs as a farm since the 1800's.My Dad had his Will done.The Will states after Dad's passes everything goes to me.
My worries is this,
When/if it comes to the time to where Dad needs to go into a nurcing home.Will the nurcing home attempt to sieze the home/farm/funds ,estate ect?
If the home is in the Will can the nurcing home touch it?
From what I hear through the grape vine is,it's legal for Dad to sell me the home for a dallor.To avoid creditors,nurcing home siezing the home.Is this true?If so,what do I need to do?
Does this need to be done before Dad is told by a doctor not competent to make decisions?
Dad is competent now But,it's coming to the point to where it's coming soon he will not be.
What can we do to insure the home wont be touched by a nurcing home or creditor?
