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Bookmark or Share- How are Capital Gains Treated in the Sale of a Life Estate?The capital gain from selling your life estate property will be the difference between the sale proceeds and the value of the property in 2011 when your mother passed away. If, for instance, the fair market value then was $200,000, and you received $275,000 after deducting any real estate brokerage commission, your gain would be $75,000.
- Requiring Adult Children to Pay for Aging Parents' CareFilial Responsibility. Filial support laws obligate adult children to provide necessities like food, clothing, housing, and medical attention for their parents who can't afford to take care of themselves. States may allow a civil court action to obtain financial support or cost recovery, impose criminal penalties on children who do not support ...
- Syracuse, NY Elder Law AttorneysDavid Zumpano Estate Planning Law Center 555 French Road 2nd Floor New Hartford, NY 13413; Jeffrey Rheinhardt Rheinhardt & Bray PC 85 Otsego Street PO Box 360 Ilion, NY 13357; Christopher Bray Rheinhardt & Bray PC 85 Otsego Street PO Box 360 Ilion, NY 13357
- Ohio Elder Law AttorneysAn Elder Care Lawyer Can Help You Get Medicaid Home Care. Medicaid Spend Down: Pay for More Than Just Medical Bills. 2024 Standard Protections for Spouses of Medicaid Applicants. Distinguish the key concepts in estate planning, including the will, the trust, probate, the power of attorney, and how to avoid estate taxes.
- New Hartford, Elder Law Attorney, David J. Zumpano CPA,Esq.Since, his firm has grown twenty fold and is now known as the Estate Planning Law Center, David J. Zumpano CPA, Esq. The Estate Planning Law Center serves as a "model law firm" for hundreds of law firms across the country. Dave's practice remains focused on estate planning, asset protection, and elder law. Dave has been featured in the Wall ...
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