Battling Over the Money in Arizona. The couple and the contractor sued each other for the money. In the meantime, Robert Spann’s daughter Karen Grande, who was the personal representative of his estate, filed a petition in probate court on behalf of the estate to recover the money. The two cases were consolidated in June 2009.

The Valoff estate countered that it remained the owner because it did not intend to transfer any right to the money when it sold the house to Ms. Sollars. A trial court agreed with the estate, reasoning that the sale agreement was for the transfer of a house, not of money that neither party had known about. Ms. Sollars appealed.

Nov 29, 2016 · A parent may want to gift a house to their child for several reasons. One of the main reasons is to provide financial support and security for their child's future. By transferring ownership of a property, parents can help their child avoid the burden of a mortgage or rent payments, allowing them to save money and build equity in a home.

Nov 22, 2023 · The case involved the spouses of individuals who took out Home Equity Conversion Mortgage (HECM), which is the most widely available reverse mortgage administered by HUD. A reverse mortgage allows homeowners who are at least 62 years old to borrow money on their houses.

Sep 5, 2012 · Seniors who are selling their homes may need help de-cluttering and staging their houses for sale. SRESs also are familiar with the senior housing options in an area and can help you buy a home. For example, if you are purchasing a home later in life, you may want to make sure you have a property that has a good market value and can be easily ...

May 23, 2024 · My mother went from private pay to Medicaid pay in her nursing home January 1. She now has zero money and all of her Social Security goes to the nursing home. She has a modest, unoccupied home that I maintain and for which I pay all bills. She gave me power of attorney, so legally I can sell the home.

Feb 22, 2024 · Section 202 housing provides support services essential to aging in place, such as cleaning, cooking, and transportation. This type of housing is available to households with at least one adult 62 years old or older. The individual or family …

Mar 6, 2025 · Perhaps the aging parent has instead decided to leave their children their savings and investments. However, what happens if the family must spend that money on care for their aging parent? Imagine a senior parent pays to build an in-law addition on their daughter’s house. What guarantees should the aging parent have about being able to live ...

Feb 10, 2025 · Takeaways. Aging in place involves making modifications to ensure safety, comfort, and accessibility for older adults.

May 28, 2024 · For example, suppose a Medicaid beneficiary has $1,500 in the bank and on June 3 she receives a Social Security payment of $800, bringing the bank balance up to $2,300. This is not a problem as long as the money is spent down so …