Planning for Life

The Challenge of Protecting The House When One Spouse is in a Nursing Home

Posted by Harry S. Margolis on October 30, 2020

 By Harry S. Margolis

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Clients with a spouse in a nursing home can find themselves facing a difficult planning decision due to the large growth in value of their homes since they purchased them. When one spouse is in a nursing home, normally we advise transferring the house to the healthy spouse. But that can have unfortunate capital gains consequences, depending on which spouse passes away first and whether the surviving spouse sells the house.

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Topics: MassHealth planning, nursing homes, MassHealth, asset protection, capital gains

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