Our mom is 77 yrs, good health now, was dx with ovarian cx 3 yrs ago. At her request we sold her commercial property $210.000. Know she has to pay capital gains, put $5000+ in her personal savings. Leaves app. $170,000. Don't want the balance to be her assess in event she goes into long term care later. Can the money be gifted to family, put in a trust. Don't want to add taxes to the gifted individuals. Please advise.
Answer
Hi,
There may be away to accomplish a transaction that will accomplish her goals. In order to provide you with legal advice I would need to know more information. When are you able to have a telephone conversation with me? My email is [email protected]/* */ and my phone number is (305) 921-0440.
Regards,
Romy Jurado
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