Today I’m at Peace Haven Retirement Home to help out a client. This is a tough part of life, and it’s what I call the “ministry” part of my business. We help a lot of elderly people transition from their family-owned home to either a no-care, limited-care, or full-care retirement facility.
When it comes to real estate, issues can sometimes arise regarding the nursing home’s ability to tap into a retiree’s hard assets. This includes their house. They can go back as far as five years and lay claim to the property.
As a professional real estate consultant, I surround myself with trust attorneys, elder care attorneys, and accountants that know how to deal with this kind of situation. It’s a complicated issue that you don’t want to walk alone. I’ve been through the process hundreds of times with clients and several times within my own family.
It’s a complicated issue that you don’t want to walk alone.
