I think it's best to see an elder attorney about finances but feel burned out to do more. Do all have an attorney? - AgingCare.com

I think it's best to see an elder attorney about finances but feel burned out to do more. Do all have an attorney?

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So exhausted being a 24/7 caregiver.

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I think at 58 and selling one house you don't pay capital gains. Now if a second home involved, you do. But that's if there is a profit. I was told to keep all paperwork on improvements and repairs needed because these can be deducted from the profit.
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Karyll, my parents had an Elder Law Attorney who they saw numberous times..... plus I also have the same Elder Law Attorney. The Attorney put together my Revocable Trust, Medical Directive, POA, Living Will, etc.

Then when my parents had passed, and since not everything made it into my parents Revocable Trust, I had to fill papers with the Probate Court. That in itself can be mind-boggling. So I had the Elder Law Attorney do the work, and I will pay out of the Estate. Being I was a senior citizen myself, the paperwork was just too overwhelming for me to deal with :P

As for finances, my parents had a CPA. The CPA recommended to Dad to sell his house within one year of my Mom passing, so Dad could get a tax credit for both he and Mom, thus Dad didn't need to pay any capital gains taxes. Once Dad passed, I still needed to pay Federal and State Income Taxes, and again for this year as Dad's estate is still in Probate, been over a year now.

Oh, why does getting old have to be so complicated !!
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I had a long talk with an attorney that specializes in elder care. I only used him once...I got all the info I was seeking.

Since then, I have used the regular family lawyer a few times, but only for more run of the mill stuff.
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