In this interesting and informative video, Fredrick P. Niemann, Esq., a New Jersey Elder Law Attorney, addresses the subject of whether parent(s) should gift (or not gift) their homes to their children or to others particularly when the owner has few available assets to their name. Often times, as parents get older they seek to gift their home(s) to protect it from a nursing home and/or other healthcare expenses.
Mr. Niemann discusses why a gift, no matter how well intended, may be very detrimental to an aging owner particularly if long term care is needed in the future.
A must watch video for parents and homeowners to better evaluate whether a transfer of their home (or other assets) is in their best interest, particularly if a significant health event occurs in the future.
Mr. Niemann invites his readers as well as viewers of this video to contact him at firstname.lastname@example.org or call toll free at 855-376-5291.
By Fredrick P. Niemann, Esq., a NJ Medicaid Eligibility and Planning Attorney