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Tag: Physical Asset Transactions

‘Not one sibling wants to pony up the money to purchase the property’: My father owns a family home with 3 siblings. He spent $ 100,000 on renovations. Can he force them to sell?

Posted on June 15, 2022 By admin No Comments on ‘Not one sibling wants to pony up the money to purchase the property’: My father owns a family home with 3 siblings. He spent $ 100,000 on renovations. Can he force them to sell?
‘Not one sibling wants to pony up the money to purchase the property’: My father owns a family home with 3 siblings.  He spent $ 100,000 on renovations.  Can he force them to sell?

Dear Quentin, There’s been a property in our family going back decades. It was actually split into four equal parts among the original owners, who have now all passed away. So the kids of the owners have the rights to the property. They each have 25%. My grandma and her son (my uncle) were living…

Read More “‘Not one sibling wants to pony up the money to purchase the property’: My father owns a family home with 3 siblings. He spent $ 100,000 on renovations. Can he force them to sell?” »

Investment

My parents-in-law sold their home and bought an RV. They have $ 200K in the bank. How can they protect their assets from being used for nursing-home costs?

Posted on June 10, 2022 By admin No Comments on My parents-in-law sold their home and bought an RV. They have $ 200K in the bank. How can they protect their assets from being used for nursing-home costs?
My parents-in-law sold their home and bought an RV.  They have $ 200K in the bank.  How can they protect their assets from being used for nursing-home costs?

My father-in-law has health issues. While he is not quite ready for a nursing home, that may be a necessity in the near future. He has state retirement benefits and a very small Social Security check. My mother-in-law operated an at-home daycare service, caring for a couple of children. Therefore, she has no Social Security…

Read More “My parents-in-law sold their home and bought an RV. They have $ 200K in the bank. How can they protect their assets from being used for nursing-home costs?” »

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