Aestar LLC supervises the sale transactions, verifies legal documents, and insures real estate titles.
Aestar LLC is a different title company. Aestar offers knowledge to protect consumers: buyers and sellers.
To avoid probation, many people add their child’s name on the deed to their house. The disadvantages outweigh the advantage of avoiding probate. For example, you lose the control of your house; your child’s heirs or loved ones inherit your house, child’s creditors, your gift tax, and capital gain tax. Additionally,
6. Medicaid Requirement – Medicaid provides free or low-cost health coverage to low-income people, based on your household size, income, and other factors, like age and disability. When you apply, Medicaid looks for whether the individual has given money away in an attempt to become eligible for benefits. Adding your child’s name on your deed is considered a gift giveaway and as such may lead to ineligibility to participate Medicaid.
Contact me should you have further questions.
Jonathan Kan, Licensed Title Producer/Notary Public
Aestar Settlements LLC
15881-B Crabbs Branch Way, Rockville, MD 20855
C: 240-351-6098 F: 888-501-3060 E: [email protected]
www.aestar-settlements.com
Follow Aestar’s twitter http://www.twitter.com/ASettlements
This column is not legal advice and should not be acted upon without obtaining your own legal counsel.
Copyright©2014-2016 Aestar LLC All Rights Reserved Worldwide
Comments are closed.