6 Estate Planning Questions Your Parents Should Answer

My mom is 90 years old. She has some property and CDs. How many years in advance does she need to put here assets into the kids name if she would need to go to the rest home.

deed has me n husband's name on it..this home was built by my father at costs..$150,000.00 12 years ago..we have been paying 5% interests, taxes and insurance in a monthly sum..when taxes went up so did our monthly amount. my father had only him n my mother on deed..he eventually added my name 2 years ago..we got into a dispute because my husband wanted his name added, since he pays too..we finally have the home in our names (me n husband) after an arguement 6 months ago--when my father signed home over to us..now after my mother got sick and he wouldn't talk to me--i told him i would go back to add his name on deed.. we have 2 daughters and I am looking for them to have this home after passing.. my father thinks this would benefit for the estate (this home worth $300,000.00) plus he has money he is leaving in his estate to me and my 2 sisters. i said we would pay off whatever we owe him..aprox. $75,000.00 left in paying so far..he keeps saying I am giving up 1 million dollars and I said all i want is the home ..he is very shrewd n sneaky..what is he up to?? do I go back having his name, mother's name, and me n husband on deed..it means we each own 25% of home..but what happens if i die first and than my parents and husband are left..so on...

my sister and i are both on my mothers property its is to be diveded evenullay and she wants to buy out my share if i am ecutaer and power of attorney does the property go into the estate first since it is stated in the will i believe it states the property being sold if she wants to buy it does the go into the estate first we both live in iowa and the property is in nebraska how do you file taxes on that paticular situation.

I am 71 and have a mortgage on my property but I do have $200,000. equity in house. Can I add my children to deed but still be liable for mortgage? Presently I am in good health, but concerned that a lien would be put on the equity if My health fails and need to enter a nursing home. I do have Medicare, Supplemental insurance and Prescription insuranc e. Thank you

how do you use an affidafid of heirship in this process? I heard of a man who closed an estate of over $150,000. with one at a cost of $10.00.

Hello Regina kc, Thank you for your comment. If you'd like, you can post your question in our Ask & Answer section, here: ( http://www.caring.com/ask ). Take care -- Emily | Community Manager

If we sell my moms house and she gives each of her children part of the money, if she would need to go into a nursing home would the state take that money back?

all very helpful

Hi Pablo, Thanks for your interest in writing for Caring.com to help caregivers! While we don't currently have any writing positions available, another great way to share your expertise with caregivers is to answer questions in the Ask & Answer forum: http://www.caring.com/ask We'll also share your information with our Editorial team, should a writing opportunity become available. For future reference, the best way to get in touch with us is via our on-site feedback form: http://www.caring.com/about/contact.html The Comments section of an article page is intended for feedback on that particular article. Thanks again for participating in the Caring.com community! Best regards, Emily | Community Manager

Hi, I was browsing through your website caring.com and found very interesting contents on money and finance which are pretty informative. I was hoping I could write a guest post on your blog with an article related to your blog, I believe this will be of interest to your readers. The article will be entirely unique, written just for your blog and will not be posted elsewhere. I hope I can produce informative and viscid content for you. If you're interested in this idea, please get back to me. Thank you so much for your time and consideration. Regards, Pablo Gibson

There is a referral service called All About HealthCARE Advocates, it gives great referrals to lawyers who can assist in this matter. They also do things such as Relief (by accompaning patients on appointments), Research (on different illness and diseases), Referrals (to specialized doctors and lawyers), and Education (on the Affordable Care Act and Billing and Coverage). Check them out at: www.AllAboutHealthCAREAdvocates.com

Thanks for the check lists I will start using it tomorrow. motherdiver

JoanDC - Great suggestion. Since many family members live far away from each other, it's highly beneficial to create a list of what you have, where it's located, and who to contact -- and then actually store electronic copies of documents in a safe, secure place online. EstateLogic at www.ExecutorsResource.com is an easy, affordable tool for families to use in doing this.

These questions are definitely necessary when planning for the future. But where can you go to document all this information? Even once all these questions have been legally documented do the appropriate family members and friends know where the paperwork is located? This article presents a good place to start but there are much more in depth issues that have to be addressed. I am the social marketing manager for a start-up business, Confidant. Confidant (www.beconfidant.com) organizes and manages a family's critical information in one safe spot. It also gives secure access to family members or friends in case of emergency or loss. Start the process now and protect your family's future and your own.