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Thread: 1041 help needed

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  1. #9
    Join Date
    Jan 2008
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    Quote Originally Posted by ATSMAN View Post
    I am not an attorney, but I clearly recall estate planners telling their clients to put property in joint names, for debtor protection etc. In my state senior citizens who go to a nursing home and claim MassHealth (state medicaid) may lose the home if it is in one name only!
    I was not referring to the real estate, but to other cash assets. Apparently there were either none, or in joint names so the executor had nothing to access to pay expenses. An estate or elder care attorney can discuss ways to protect the real estate asset from being taken by Medicaid.
    Last edited by Burke; 01-16-2018 at 02:44 PM.

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