Second Half of Life Podcast

Is a Jointly-Owned Property Available to Help Pay for Long-Term Care?

August 27, 2021 Steinbacher, Goodall & Yurchak Season 2 Episode 42
Second Half of Life Podcast
Is a Jointly-Owned Property Available to Help Pay for Long-Term Care?
Show Notes

Let's say you own a property (home, vacation property, farm, etc.) jointly with another person, such as a sibling or other family member, or even someone you're not related to. Now, you need nursing home care. Can you be required to sell your portion of the property to generate funds to pay for your long-term care? In this short podcast episode, Long-Term Care Planner Kristin Daugherty gives the answer to this question - and it's not one you might want to hear if this applies to you (or could in the future). The good news is such a situation is preventable with proper advanced planning. Give us a call at 1-800-351-8334 to start your planning.