By proceeding, I agree that I understand the following disclosures:
I. How We Work in Washington. Based on your preferences, we provide you with information about one or more of our contracted senior living providers ("Participating Communities") and provide your Senior Living Care Information to Participating Communities. The Participating Communities may contact you directly regarding their services. APFM does not endorse or recommend any provider. It is your sole responsibility to select the appropriate care for yourself or your loved one. We work with both you and the Participating Communities in your search. We do not permit our Advisors to have an ownership interest in Participating Communities.
II. How We Are Paid. We do not charge you any fee – we are paid by the Participating Communities. Some Participating Communities pay us a percentage of the first month's standard rate for the rent and care services you select. We invoice these fees after the senior moves in.
III. When We Tour. APFM tours certain Participating Communities in Washington (typically more in metropolitan areas than in rural areas.) During the 12 month period prior to December 31, 2017, we toured 86.2% of Participating Communities with capacity for 20 or more residents.
IV. No Obligation or Commitment. You have no obligation to use or to continue to use our services. Because you pay no fee to us, you will never need to ask for a refund.
V. Complaints. Please contact our Family Feedback Line at (866) 584-7340 or
[email protected] to report any complaint. Consumers have many avenues to address a dispute with any referral service company, including the right to file a complaint with the Attorney General's office at: Consumer Protection Division, 800 5th Avenue, Ste. 2000, Seattle, 98104 or 800-551-4636.
VI. No Waiver of Your Rights. APFM does not (and may not) require or even ask consumers seeking senior housing or care services in Washington State to sign waivers of liability for losses of personal property or injury or to sign waivers of any rights established under law.I agree that: A.I authorize A Place For Mom ("APFM") to collect certain personal and contact detail information, as well as relevant health care information about me or from me about the senior family member or relative I am assisting ("Senior Living Care Information"). B.APFM may provide information to me electronically. My electronic signature on agreements and documents has the same effect as if I signed them in ink. C.APFM may send all communications to me electronically via e-mail or by access to an APFM web site. D.If I want a paper copy, I can print a copy of the Disclosures or download the Disclosures for my records. E.This E-Sign Acknowledgement and Authorization applies to these Disclosures and all future Disclosures related to APFM's services, unless I revoke my authorization. You may revoke this authorization in writing at any time (except where we have already disclosed information before receiving your revocation.) This authorization will expire after one year. F.You consent to APFM's reaching out to you using a phone system than can auto-dial numbers (we miss rotary phones, too!), but this consent is not required to use our service.
*If I am consenting on behalf of someone else, I have the proper authorization to do so. By clicking Get My Results, you agree to our
Privacy Policy. You also consent to receive calls and texts, which may be autodialed, from us and our customer communities. Your consent is not a condition to using our service. Please visit our
Terms of Use. for information about our privacy practices.
You have a LE, so you can actually have it close out & be sold ahead of death. You can buy her out. It would be based on actuarial tables for % of interest. It is in my not an attorney opinion never ever a DIY but needs to be done by an attorney who does tax law as this # is quite specific and has IRS reporting done for mom and for you. Better estate law practices will have a tax law attorney affiliated. It - sadly - will be an income producing aka a taxable event as it’s (LE) not designed for this… it’s designed to be after death transfer designed to avoid probate. We bought a LE after Hurricane Katrina, mom late 80’s and 3 kids, each got a specific % of the $ based on the moms age; it was land, house 86’d by storm, the local POA son & mom kinda expected the other 2 to give mom their % $ but they did not & not required to do so as per LE. Depending on how LE written, you may have to put it up for sale if you cannot buy out her share…. and why you have to, HAVE TO, go over all this with an attorney in detail. Is the firm who did this in 2012 still in practice? Or any of their associates?
To be quite honest, I’d suggest for you try to figure out a way to get the $ to pay her house costs… she’s 98, time is on your side…. like shut down the house so that it’s not bleeding out $ and wait it out, if you possibly can, that going to be the best most financially conservative way to deal with this. Do at a minimum pay property taxes as the county / city will place it up on its annual delinquent tax sale & should that happen to the point it goes to redemption it will be a hot mess to deal with at best or you loose the property at worst. I do tax sales… there’s a lot of heartbreak behind the listings.
If the parent goes onto LTC Medicaid, that program requires the elder to do a copay of almost all their monthly income as a copay to the NH. This too causes issues for family as to how to pay for their parents property costs. And this one has the additional risk of dealing with MERP aka estate recovery & most of us tend to be risk adverse. For most of us, we don’t have the purse or wallet to have a 2nd home to being with which is what having our parent in a NH yet keeping their home ends up being.
If not and she has been on your State Medicaid program - either for LTC Medicaid to pay for custodial care in the NH or on a community based program while still living in her home before a NH, I’d suggest that you meet with an elder law attorney group that is CELA level asap. Why? They need to advise you as to the exposure your mom will have should she change the title of her asset (house) that currently is under an LE to one that is to her and to you, AND what Medicaid will likely do. Again none of this is ever DIY. You need to find really good experienced legal and pay for a retainer for them for yourself and your mom’s behalf.
Just spitballin’ but Sonny probably now 70’s retired with his own health, income and retirement issues. For both he & mom it’s all $$$$ outflow. If he can figure out how to lessen the outflow that his moms house is for another year or so, time is on his side for that LE. I think he’s panicking…. lots of places have property taxes due in some way in January maybe that’s what triggered this? Or as mom moved into a facility, her tax classification got changed & it increased significantly. The year after my mom died, hers tripled! That was not fun….
Also, ask this question at www.bogleheads.org. Several good T&E attorneys there who give great advice.