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--></style></head><body lang="EN-US" link="blue" vlink="purple"><div class="WordSection1"><p class="MsoNormal"><span style="font-size:11.0pt;font-family:"Calibri",sans-serif;color:#1f497d">But, if she continues living in the home without paying rent and continuing to pay the maintenance and taxes, doesn’t she have an implied retained life estate? Has Medicaid recovery ever brought up that argument?</span></p><p class="MsoNormal"><span style="font-size:11.0pt;font-family:"Calibri",sans-serif;color:#1f497d"> </span></p><p class="MsoNormal"><span style="font-size:10.0pt;font-family:"Verdana",sans-serif;color:#500050">Sincerely,</span><span style="font-size:10.0pt;font-family:"Arial",sans-serif;color:#500050"><br></span><b><span style="font-size:10.0pt;font-family:"Arial",sans-serif;color:#3333ff"><br></span></b><b><span style="font-size:13.5pt;font-family:"Lucida Handwriting";color:#3333ff">Chris J. Moore</span></b><span style="font-size:10.0pt;font-family:"Arial",sans-serif;color:#500050"><br></span><span style="font-size:10.0pt;font-family:"Verdana",sans-serif;color:#500050">Christopher J. Moore, JD, CPA (Inactive), AEP<sup>®</sup>, EPLS*</span><span style="font-size:10.0pt;font-family:"Arial",sans-serif;color:#500050"><br></span><span style="font-size:10.0pt;font-family:"Verdana",sans-serif;color:#500050">Creason, Moore, Dokken & Geidl, PLLC</span><span style="font-size:10.0pt;font-family:"Arial",sans-serif;color:#500050"><br></span><span style="font-size:10.0pt;font-family:"Verdana",sans-serif;color:#500050">Lawyers</span><span style="font-size:10.0pt;font-family:"Arial",sans-serif;color:#500050"><br></span><span style="font-size:10.0pt;font-family:"Verdana",sans-serif;color:#500050">1219 Idaho Street, POB 835</span><span style="font-size:10.0pt;font-family:"Arial",sans-serif;color:#500050"><br></span><span style="font-size:10.0pt;font-family:"Verdana",sans-serif;color:#500050">Lewiston, Idaho 83501-0835</span><span style="font-size:10.0pt;font-family:"Arial",sans-serif;color:#500050"><br></span><span style="font-size:10.0pt;font-family:"Verdana",sans-serif;color:#500050">Phone: 208-743-1516; Fax: 208-746-2231</span><span style="font-size:10.0pt;font-family:"Arial",sans-serif;color:#500050"><br></span><span style="font-size:10.0pt;font-family:"Verdana",sans-serif;color:#500050">Website: </span><span style="color:#1f497d"><a href="http://www.cmd-law.com/" target="_blank"><span style="font-size:10.0pt;font-family:"Verdana",sans-serif;color:#1155cc">www.cmd-law.com</span></a></span><span style="font-size:10.0pt;font-family:"Arial",sans-serif;color:#500050"><br><br></span><span style="font-size:10.0pt;font-family:"Verdana",sans-serif;color:#500050">*Certified as an Estate Planning Law Specialist by the Estate Law Specialist Board, Inc., the only estate planning certification entity approved by both the American Bar Association and the Idaho State Bar Association.</span><span style="font-size:10.0pt;font-family:"Arial",sans-serif;color:#500050"><br></span><span style="font-size:10.0pt;font-family:"Verdana",sans-serif;color:#500050">_______________________________________________</span><span style="font-size:10.0pt;font-family:"Arial",sans-serif;color:#500050"><br></span><b><span style="font-size:10.0pt;font-family:"Verdana",sans-serif;color:#17365d">-- Note -- </span></b><span style="font-size:10.0pt;font-family:"Verdana",sans-serif;color:#17365d">The information contained in this e-mail transmission is confidential and may also be a legally privileged communication. This information is intended for the exclusive and private use of the addressee(s). If you are not the intended recipient, you are hereby notified that any use, disclosure, dissemination, distribution (other than to the addressee(s)), copying or taking any action because of this information is strictly prohibited. If you have received this e-mail in error, please notify the sender immediately. Thank you.</span><span style="font-size:10.0pt;font-family:"Arial",sans-serif;color:#17365d"><br></span><span style="font-size:10.0pt;font-family:"Verdana",sans-serif;color:#17365d">~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~</span><span style="font-size:11.0pt;font-family:"Calibri",sans-serif;color:#1f497d"></span></p><p class="MsoNormal"><span style="font-size:11.0pt;font-family:"Calibri",sans-serif;color:#1f497d"> </span></p><p class="MsoNormal"><span style="font-size:11.0pt;font-family:"Calibri",sans-serif;color:#1f497d"> </span></p><p class="MsoNormal"><span style="font-size:11.0pt;font-family:"Calibri",sans-serif;color:#1f497d"> </span></p><div><div style="border:none;border-top:solid #e1e1e1 1.0pt;padding:3.0pt 0in 0in 0in"><p class="MsoNormal"><b><span style="font-size:11.0pt;font-family:"Calibri",sans-serif">From:</span></b><span style="font-size:11.0pt;font-family:"Calibri",sans-serif"> <a href="mailto:wsbapt-bounces@lists.wsbarppt.com">wsbapt-bounces@lists.wsbarppt.com</a> [mailto:<a href="mailto:wsbapt-bounces@lists.wsbarppt.com">wsbapt-bounces@lists.wsbarppt.com</a>] <b>On Behalf Of </b>Josh Grant<br><b>Sent:</b> Tuesday, January 02, 2018 4:20 PM<br><b>To:</b> WSBA Probate & Trust Listserv <<a href="mailto:wsbapt@lists.wsbarppt.com">wsbapt@lists.wsbarppt.com</a>><br><b>Subject:</b> Re: [WSBAPT] Can you just give it away and stay healthy for 5 years?</span></p></div></div><p class="MsoNormal"> </p><div><div><div><p class="MsoNormal"><span style="font-size:13.5pt;font-family:"Calibri",sans-serif;color:black">She can just give it outright to son. If she is healthy for 5 years, fine. If not he might have to give it back to her. </span><span style="font-size:14.0pt;font-family:"Calibri",sans-serif;color:black"></span></p></div><div><p class="MsoNormal"><span style="font-size:13.5pt;font-family:"Calibri",sans-serif;color:black">Losing a capital gain tax benefit is less expensive than paying $10,000/ month.</span><span style="font-size:14.0pt;font-family:"Calibri",sans-serif;color:black"></span></p></div><div><p class="MsoNormal"><span style="font-size:14.0pt;font-family:"Calibri",sans-serif;color:black"> </span></p></div><div><p class="MsoNormal"><span style="font-size:13.5pt;font-family:"Calibri",sans-serif;color:black">She will have to pay down with private pay to $2000 after the 5 years.</span><span style="font-size:14.0pt;font-family:"Calibri",sans-serif;color:black"></span></p></div><div><div><div><p class="MsoNormal"><span style="font-size:10.0pt;font-family:"Tahoma",sans-serif;color:black"> </span></p></div><div><div><p class="MsoNormal" style="background:whitesmoke"><b><span style="font-size:10.0pt;font-family:"Tahoma",sans-serif;color:black">From:</span></b><span style="font-size:10.0pt;font-family:"Tahoma",sans-serif;color:black"> <a href="mailto:teunisj@wyerslawpc.com" title="teunisj@wyerslawpc.com">Teunis J. Wyers</a> </span></p></div><div><p class="MsoNormal" style="background:whitesmoke"><b><span style="font-size:10.0pt;font-family:"Tahoma",sans-serif;color:black">Sent:</span></b><span style="font-size:10.0pt;font-family:"Tahoma",sans-serif;color:black"> Tuesday, January 02, 2018 3:39 PM</span></p></div><div><p class="MsoNormal" style="background:whitesmoke"><b><span style="font-size:10.0pt;font-family:"Tahoma",sans-serif;color:black">To:</span></b><span style="font-size:10.0pt;font-family:"Tahoma",sans-serif;color:black"> <a href="mailto:wsbapt@lists.wsbarppt.com" title="wsbapt@lists.wsbarppt.com">wsbapt@lists.wsbarppt.com</a> </span></p></div><div><p class="MsoNormal" style="background:whitesmoke"><b><span style="font-size:10.0pt;font-family:"Tahoma",sans-serif;color:black">Cc:</span></b><span style="font-size:10.0pt;font-family:"Tahoma",sans-serif;color:black"> <a href="mailto:lorrie@wyerslawpc.com" title="lorrie@wyerslawpc.com">Lorrie Knowles</a> </span></p></div><div><p class="MsoNormal" style="background:whitesmoke"><b><span style="font-size:10.0pt;font-family:"Tahoma",sans-serif;color:black">Subject:</span></b><span style="font-size:10.0pt;font-family:"Tahoma",sans-serif;color:black"> [WSBAPT] Can you just give it away and stay healthy for 5 years?</span></p></div></div></div><div><p class="MsoNormal"><span style="font-family:"Calibri",sans-serif;color:black"> </span></p></div></div><div><div><p class="MsoNormal"><span style="font-family:"Calibri",sans-serif;color:black">Client is a widow. Owns home worth about $350K free and clear, with a basis of about $110K, and an annuity with $56K in it. Her son suggests that she gift the home to him now, understanding that he will miss out on a stepped up basis, but thinks she is healthy enough to stay out of care for 5 years. My guess is that it's not that simple. What do I tell him? I know that we would not want to reserve a life estate, because that would create a link to a Medicaid reimbursement claim if she did go on care at any time.<br clear="all"></span></p><div><p class="MsoNormal"><span style="font-family:"Calibri",sans-serif;color:black"> </span></p></div><p class="MsoNormal"><span style="font-family:"Calibri",sans-serif;color:black">-- </span></p><div><div><div><div><div><div><p class="MsoNormal"><span style="font-family:"Calibri",sans-serif;color:black">Teunis J. Wyers @ Wyers|Wyers, Attorneys </span></p><div><p class="MsoNormal"><span style="font-size:9.0pt;font-family:"Calibri",sans-serif;color:black">Oregon Office:</span><span style="font-family:"Calibri",sans-serif;color:black"> </span></p><div><p class="MsoNormal"><span style="font-family:"Calibri",sans-serif;color:black"> 216 Columbia St. - P.O. Box 917</span></p></div><div><p class="MsoNormal"><span style="font-family:"Calibri",sans-serif;color:black"> Hood River, OR 97031</span></p></div><div><p class="MsoNormal"><span style="font-family:"Calibri",sans-serif;color:black"> (541)386-2210/610-1520 (fax)</span></p></div><div><p class="MsoNormal"><span style="font-family:"Calibri",sans-serif;color:black">Washington Office:</span></p><div><p class="MsoNormal"><span style="font-family:"Calibri",sans-serif;color:black"> 218 E. Steuben St. - P. O. Box 421</span></p></div><div><p class="MsoNormal"><span style="font-family:"Calibri",sans-serif;color:black"> Bingen, WA 98605</span></p></div><div><p class="MsoNormal"><span style="font-family:"Calibri",sans-serif;color:black"> (509) 493-2772/493-2406 (fax)</span></p></div><div><p class="MsoNormal"><span style="font-family:"Calibri",sans-serif;color:black">Email: <a href="mailto:teunisj@wyerslawpc.com" target="_blank">teunisj@wyerslawpc.com</a></span></p></div><div><p class="MsoNormal"><span style="font-family:"Calibri",sans-serif;color:black">Web: <a href="http://www.wyerslawpc.com" target="_blank">www.wyerslawpc.com</a></span></p></div><div><p class="MsoNormal"><span style="font-family:"Calibri",sans-serif;color:black"> </span></p></div><div><p><span style="font-size:11.0pt;font-family:"Calibri",sans-serif;color:black">NOTICE: This email (including any attachments) is covered by the Electronic Communications Privacy Act (EPCA), 18 U.S.C., Sec. 2510 - 2522, is confidential and privileged. This email is solely for the personal and confidential use of the recipient(s) named above. Receipt by anyone other than the individual recipient(s) is NOT a waiver of attorney-client privilege. Any violation of the ECPA is subject to the penalties stated therein. If you have received this message in error, please notify me immediately by reply e-mail and immediately delete the original message.</span><span style="font-size:9.0pt;font-family:"Calibri",sans-serif;color:black"></span></p><p><span style="font-size:9.0pt;font-family:"Calibri",sans-serif;color:#500050"> </span></p></div><div><p class="MsoNormal"><span style="font-family:"Calibri",sans-serif;color:black"> </span></p></div></div></div></div></div></div></div></div></div></div><div class="MsoNormal" align="center" style="text-align:center"><span style="font-family:"Calibri",sans-serif;color:black"><hr size="2" width="100%" align="center"></span></div><p class="MsoNormal"><span style="font-family:"Calibri",sans-serif;color:black">_______________________________________________<br>WSBAPT mailing list<br><a href="mailto:WSBAPT@lists.wsbarppt.com">WSBAPT@lists.wsbarppt.com</a><br><a href="http://mailman.fsr.com/mailman/listinfo/wsbapt">http://mailman.fsr.com/mailman/listinfo/wsbapt</a></span></p></div></div></div></div></body></html>