A rule that must be followed when it comes to Asset transfer is the "Look Back Period"
Here are the Exceptions:
• A spouse or a transfer.
• A trust for the sole benefit of a disabled individual under age 65.
• A sibling who has lived in the home during the year preceding the applicant's institutionalization.
• A caretaker child.
Listen in to this episode for more details.
Arminé Ghevian - With over 27 years of experience, my team and I have had the pleasure of assisting my clients in investing, buying and selling real estate, relocation, multi-family residences, and Assisted Living Facilities.
I enjoy working with seniors and retirees in their real estate transactions, probates and trust sales.
Now, additionally, we offer financial coaching to those who desire to have a better handle on their money and develop a plan for financial freedom.
Keller Williams Sherman Oaks