Conveying Real Estate and the Tax Consequences

Join elder law attorney Anthony J. Enea, Esq. for an overview of the reasons to transfer one's primary residence in furtherance of asset protection planning, and establishing Medicaid eligibility. This session will also cover outright transfers, with and without retained life estates; transfers to Irrevocable Medicaid Asset Protection Trusts; and includes a brief Q&A session.

Learning Objectives:

1. Identify the most common purposes to transfer a primary residence such as Medicaid eligibility, estate tax planning, or for a variety of personal reasons

2. Explore the pros and cons of an outright transfer - both with and without reservation of a life estate

3. Assess the advantages and consequences of transferring a residence to an Irrevocable Medicaid Asset Protection Trust