Question: I have a house in Texase that I bought in 2001 and paid off in 2009 when I was not married. I got married in 2014 and my husband moved with me. In October 2023, his mother died. My [...]
Question: Your last comment on the question titled: Can Special Needs Trust Pay for Beneficiary’s Food and Rent? was confusing. You say with respect to the effect on Medicaid eligibility of a [...]
Question: My sister owns half of a seven-unit apartment building with my brother. She wants quarterly reports and wants to be part of the decisions made with building, but my brother’s [...]
Question: I’m 65, collecting Social Security, own a condo, and own a building in which I operate a restaurant. The restaurant pays rent to an LLC of which I’m the sole owner. I have a will [...]
Question: I’m the trustee of a rental property worth $220,000 and brings in $1,800 a month. Do I charge a fee based only on the value or also the income and what percent? Response: In your [...]
Question: A woman is single and owns rental property. I understand that the rental property is an exempt asset for Medicaid eligibility purposes but that the income generated by such rental [...]