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I'm a 45-year-old single male, living with my 69-year-old widowed mother.
Carol Bradley Bursack, Aug 27, 2010
Over the span of two decades author, columnist and speaker Carol Bradley Bursack cared for a neighbor and six elderly family members. Because of this experience, Bradley Bursack created a portable support group, the book "Minding Our Elders: Caregivers Share Their Personal Stories."
You should go together to see an estate attorney. You may also want to see a financial planner, but make sure this person knows Medicaid laws. The sooner you do this the better. This is something that is different in every state, though Federal law also figures in. Don't try this without an expert.Carol
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Rosanne Roge, Dec 9, 2011
Rosanne Rogé joined R.W. Rogé & Company, Inc. in January 1995. She is a graduate of C.W. Post - Long Island University. Ms. Rogé is certified by The Certified Financial Planners Board of Standards to use the professional certifications CFP and Certified Financial Planner. She is also a Certified Senior Advisor (CSA).
This is really more of a legal than tax question and the situations are different for every individual.
I would recommend that you and your Mom make an appointment with an reputable Estate Planning Attorney in your area. He/she will provide you with the proper guidance for your particular situation.
Please stay on topic or ask a new question.
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