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Non-Cattle Specific Topics
Coffee Shop
I bought a few acres
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<blockquote data-quote="boondocks" data-source="post: 1500078" data-attributes="member: 20599"><p>The financial whiz-kids may well say differently but my only caveat would be for your folks to still go ahead and talk to an estate-planning expert (good luck, right?). I guess if they both have a life estate maybe they don't care about losing their homestead exemption (?), but I'd still want to make sure sufficient assets were preserved for Parent A if, say, Parent B needed lengthy medical care, nursing home etc (since they have likely lost (correct me if I'm wrong, CT-finance-folks) the ability to shield a certain amount of assets via their home ownership. Just a thought. Otherwise, I think you have done everything you could do under the circumstances. Congratulations!</p></blockquote><p></p>
[QUOTE="boondocks, post: 1500078, member: 20599"] The financial whiz-kids may well say differently but my only caveat would be for your folks to still go ahead and talk to an estate-planning expert (good luck, right?). I guess if they both have a life estate maybe they don't care about losing their homestead exemption (?), but I'd still want to make sure sufficient assets were preserved for Parent A if, say, Parent B needed lengthy medical care, nursing home etc (since they have likely lost (correct me if I'm wrong, CT-finance-folks) the ability to shield a certain amount of assets via their home ownership. Just a thought. Otherwise, I think you have done everything you could do under the circumstances. Congratulations! [/QUOTE]
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