Tax, SDIRAs & Cost Segregation
Market News & Data
General Info
Real Estate Strategies
Short-Term & Vacation Rental Discussions
presented by
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Tax, SDIRAs & Cost Segregation
presented by
1031 Exchanges
presented by
Real Estate Classifieds
Reviews & Feedback
Updated about 2 years ago,
Avoid grandparents property from being lost.
Hello all, looking for advice on my grandparents property situation. They both have reached the age of being admitted to a nursing facility. They did not have the best asset protection strategies in place & may lose the property to some agency instead of passing it down to their offspring. And since they’re already in the process of being transferred to a nursing home, they’re unable to gift the property without raising red flags.
Question: Whats the best strategy to go about keeping the property within the family? I was thinking of purchasing the property outright but was wondering if there’s another option my relatives could take that didn’t involve me buying it for myself.