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</o:shapelayout></xml><![endif]--></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'>I am always concerned in cases where “child” is stating that “parent” wants to give his/her house to child. Heather’s points are also well taken. I ask my clients (I always represent the elder in these matters) if they are prepared to have their house attached by their child’s creditors. I also ask the child to obtain an umbrella insurance policy that will cover the risk that they are at fault in an accident that kills the brain surgeon and her lawyer husband, leaving their 6 kids as orphans. <o:p></o:p></span></p><p class=MsoNormal><span style='font-size:11.0pt;font-family:"Calibri",sans-serif'><o:p> </o:p></span></p><p class=MsoNormal><span style='font-size:11.0pt;font-family:"Calibri",sans-serif'>IF Mom really wants to do this, make sure that there is a Life Lease written to protect the giver where the child. The lease should grant the parent the right to live in the home for their remaining life. The leases that I write contain a clause that terminates the lease if the giver is no longer able to live independently in the home and also authorizes his/her Agent named in a DPOA (usually NOT the child to whom the house was gifted) to voluntarily terminate the lease on behalf of Mom. The terms of the lease state that the parent will pay taxes, insurance and maintenance, but I try to figure out if the child will spring for appliance replacements and major repairs (i.e. a new roof) and write that into the lease. <o:p></o:p></span></p><p class=MsoNormal><span style='font-size:11.0pt;font-family:"Calibri",sans-serif'><o:p> </o:p></span></p><p class=MsoNormal><span style='font-size:11.0pt;font-family:"Calibri",sans-serif'>The Life Lease allows the parent to continue receiving a Senior Exemption on their taxes, but they have to re-apply to continue the Senior Exemption after the gift.<o:p></o:p></span></p><p class=MsoNormal><span style='font-size:11.0pt;font-family:"Calibri",sans-serif'><o:p> </o:p></span></p><p class=MsoNormal><span style='font-size:11.0pt;font-family:"Calibri",sans-serif'>DSHS has not tried any kind of recovery by implying a life estate in the cases that I have worked on thus far. We record the Deed, but not the life lease.<o:p></o:p></span></p><p class=MsoNormal><span style='font-size:11.0pt;font-family:"Calibri",sans-serif'><o:p> </o:p></span></p><p class=MsoNormal><span style='font-size:11.0pt;font-family:"Calibri",sans-serif'> I also tell the child that receives the house that they need to talk to me or another competent elder law attorney if Mom needs care during the 5 year look back. They have to give the house back, if the calculated period of ineligibility is too long for them to pay privately for the parent’s care during the ineligibility period. <o:p></o:p></span></p><p class=MsoNormal><span style='font-size:11.0pt;font-family:"Calibri",sans-serif'><o:p> </o:p></span></p><p class=MsoNormal><span style='font-size:11.0pt;font-family:"Calibri",sans-serif'>Jane Bitz.<o:p></o:p></span></p><p class=MsoNormal><span style='font-size:11.0pt;font-family:"Calibri",sans-serif'><o:p> </o:p></span></p><p class=MsoNormal style='background:white'><span style='font-size:10.0pt;font-family:"Calibri",sans-serif;color:black'>Jane G Bitz<o:p></o:p></span></p><p class=MsoNormal style='background:white'><span style='font-size:10.0pt;font-family:"Calibri",sans-serif;color:black'>Of Counsel<o:p></o:p></span></p><p class=MsoNormal style='background:white'><span style='font-size:10.0pt;font-family:"Calibri",sans-serif;color:black'>Wolff, Hislop & Crockett, PLLC<o:p></o:p></span></p><p class=MsoNormal style='background:white'><span style='font-size:10.0pt;font-family:"Calibri",sans-serif;color:black'>12209 E Mission, Suite 5<o:p></o:p></span></p><p class=MsoNormal style='background:white'><span style='font-size:10.0pt;font-family:"Calibri",sans-serif;color:black'>Spokane Valley WA 99206-4824<o:p></o:p></span></p><p class=MsoNormal style='background:white'><span style='font-size:10.0pt;font-family:"Calibri",sans-serif;color:black'>(509) 927-9700; FAX (509) 777-1800<o:p></o:p></span></p><p class=MsoNormal style='background:white'><span style='font-size:10.0pt;font-family:"Calibri",sans-serif;color:black'><a href="mailto:jane@jbitzlaw.com">jbitz@whc-attorneys.com</a><o:p></o:p></span></p><p class=MsoNormal><a name="_MailEndCompose"><span style='font-size:11.0pt;font-family:"Calibri",sans-serif'><o:p> </o:p></span></a></p><span style='mso-bookmark:_MailEndCompose'></span><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'> wsbapt-bounces@lists.wsbarppt.com [mailto:wsbapt-bounces@lists.wsbarppt.com] <b>On Behalf Of </b>Heather deVrieze<br><b>Sent:</b> Tuesday, January 2, 2018 4:54 PM<br><b>To:</b> WSBA Probate & Trust Listserv <wsbapt@lists.wsbarppt.com><br><b>Cc:</b> Lorrie Knowles <lorrie@wyerslawpc.com><br><b>Subject:</b> Re: [WSBAPT] Can you just give it away and stay healthy for 5 years?<o:p></o:p></span></p></div></div><p class=MsoNormal><o:p> </o:p></p><p class=MsoNormal><span style='font-size:11.0pt;font-family:"Calibri",sans-serif;color:#1F497D'>It is important to remember that if son owns the house, there is the risk of something going wrong in his life (divorce, death, accident, disability, etc.) and there is no reason in particular to believe that the rule now will continue to be the rule in the future.<o:p></o:p></span></p><p class=MsoNormal><span style='font-size:11.0pt;font-family:"Calibri",sans-serif;color:#1F497D'><o:p> </o:p></span></p><p class=MsoNormal><span style='font-size:11.0pt;font-family:"Calibri",sans-serif;color:#1F497D'>Does son take on taxes and insurance? Is mom going to pay rent? Who gets to deduct the cost of property taxes? Does mom currently qualify for reduced property taxes? Will she want to in the future?<o:p></o:p></span></p><p class=MsoNormal><span style='font-size:11.0pt;font-family:"Calibri",sans-serif;color:#1F497D'><o:p> </o:p></span></p><p class=MsoNormal><span style='font-size:11.0pt;font-family:"Calibri",sans-serif;color:#1F497D'>Lots to consider, and long term care is only one issue in the crystal ball.<o:p></o:p></span></p><p class=MsoNormal><span style='font-size:11.0pt;font-family:"Calibri",sans-serif;color:#1F497D'><o:p> </o:p></span></p><p class=MsoNormal><span style='font-size:11.0pt;font-family:"Calibri",sans-serif;color:#1F497D'>Heather<o:p></o:p></span></p><p class=MsoNormal><span style='font-size:11.0pt;font-family:"Calibri",sans-serif;color:#1F497D'><o:p> </o:p></span></p><p class=MsoNormal><span style='font-size:11.0pt;font-family:"Calibri",sans-serif;color:#1F497D'><o:p> </o:p></span></p><p class=MsoNormal><span style='font-size:16.0pt;font-family:"Vladimir Script";color:#1F497D'>Heather S. de Vrieze</span><b><span style='font-size:16.0pt;font-family:"Calibri",sans-serif;color:#1F497D'><br></span></b><i><span style='font-size:11.0pt;font-family:"Garamond",serif;color:#1F497D'>Attorney-at-Law<o:p></o:p></span></i></p><p class=MsoNormal><i><span style='font-size:11.0pt;font-family:"Garamond",serif;color:#1F497D'><img border=0 width=189 height=105 style='width:1.9666in;height:1.0916in' id="_x0000_i1025" src="cid:image001.jpg@01D383F3.1E9A8110" alt="cid:image001.jpg@01D013C2.30F35160"></span></i><i><span style='font-family:"Garamond",serif;color:#1F497D'><o:p></o:p></span></i></p><p class=MsoNormal><span style='font-size:10.0pt;font-family:Nyala;color:#44524E'>3909 California Avenue SW<o:p></o:p></span></p><p class=MsoNormal><span style='font-size:10.0pt;font-family:Nyala;color:#44524E'>Seattle, WA 98116-3705 <o:p></o:p></span></p><p class=MsoNormal><span style='font-size:10.0pt;font-family:Nyala;color:#44524E'>(206)938-5500 <o:p></o:p></span></p><p class=MsoNormal><span style='font-size:11.0pt;font-family:"Calibri",sans-serif;color:#1F497D'><a href="mailto:heatherd@westseattlelaw.com"><span style='font-size:10.0pt;font-family:Nyala;color:#44524E'>heatherd@westseattlelaw.com</span></a></span><span style='font-size:10.0pt;font-family:Nyala;color:#44524E'> <o:p></o:p></span></p><p class=MsoNormal><span style='font-size:11.0pt;font-family:"Calibri",sans-serif;color:#1F497D'><a href="http://www.westseattlelaw.com/"><span style='font-size:10.0pt;font-family:Nyala;color:#44524E'>www.westseattlelaw.com</span></a></span><span style='font-size:10.0pt;font-family:Nyala;color:#44524E'> <o:p></o:p></span></p><p class=MsoNormal><b><span style='font-size:9.0pt;font-family:"Arial",sans-serif;color:#002E8A'>Click here to connect with de Vrieze | Carney on Facebook: </span></b><b><span style='font-size:11.0pt;font-family:"Calibri",sans-serif;color:#1F497D'> </span></b><a href="https://www.facebook.com/DeVriezeCarney"><b><span style='font-size:11.0pt;font-family:"Calibri",sans-serif;text-decoration:none'><img border=0 width=72 height=21 style='width:.75in;height:.2166in' id="Picture_x0020_1" src="cid:image002.png@01D383F3.1E9A8110" alt="FB Logo"></span></b></a><span style='font-size:11.0pt;font-family:Nyala;color:#44524E'><o:p></o:p></span></p><p class=MsoNormal><span style='font-size:8.0pt;font-family:"Calibri",sans-serif;color:#A6A6A6'><o:p> </o:p></span></p><p class=MsoNormal><span style='font-size:8.0pt;font-family:"Calibri",sans-serif;color:#A6A6A6'>CONFIDENTIAL & PRIVILEGED. This e-mail message may contain legally privileged and/or confidential information. If you have received this e-mail in error, please notify the sender immediately and delete all copies of this e-mail message and any attachment.</span><span style='font-size:16.0pt;font-family:"Cambria",serif;color:blue'><o:p></o:p></span></p><p class=MsoNormal><span style='font-size:11.0pt;font-family:"Calibri",sans-serif;color:#1F497D'><o:p> </o:p></span></p><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> [<a href="mailto:wsbapt-bounces@lists.wsbarppt.com">mailto:wsbapt-bounces@lists.wsbarppt.com</a>] <b>On Behalf Of </b>Teunis J. Wyers<br><b>Sent:</b> Tuesday, January 02, 2018 3:39 PM<br><b>To:</b> <a href="mailto:wsbapt@lists.wsbarppt.com">wsbapt@lists.wsbarppt.com</a><br><b>Cc:</b> Lorrie Knowles <<a href="mailto:lorrie@wyerslawpc.com">lorrie@wyerslawpc.com</a>><br><b>Subject:</b> [WSBAPT] Can you just give it away and stay healthy for 5 years?<o:p></o:p></span></p><p class=MsoNormal><o:p> </o:p></p><div><p class=MsoNormal>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><o:p></o:p></p><div><p class=MsoNormal><o:p> </o:p></p></div><p class=MsoNormal>-- <o:p></o:p></p><div><div><div><div><div><div><p class=MsoNormal>Teunis J. Wyers @ Wyers|Wyers, Attorneys<o:p></o:p></p><div><p class=MsoNormal><span style='font-size:9.5pt'>Oregon Office:</span><o:p></o:p></p><div><p class=MsoNormal> 216 Columbia St. - P.O. Box 917<o:p></o:p></p></div><div><p class=MsoNormal> Hood River, OR 97031<o:p></o:p></p></div><div><p class=MsoNormal> (541)386-2210/610-1520 (fax)<o:p></o:p></p></div><div><p class=MsoNormal>Washington Office:<o:p></o:p></p><div><p class=MsoNormal> 218 E. Steuben St. - P. O. Box 421<o:p></o:p></p></div><div><p class=MsoNormal> Bingen, WA 98605<o:p></o:p></p></div><div><p class=MsoNormal> (509) 493-2772/493-2406 (fax)<o:p></o:p></p></div><div><p class=MsoNormal>Email: <a href="mailto:teunisj@wyerslawpc.com" target="_blank">teunisj@wyerslawpc.com</a><o:p></o:p></p></div><div><p class=MsoNormal>Web: <a href="http://www.wyerslawpc.com" target="_blank">www.wyerslawpc.com</a><o:p></o:p></p></div><div><p class=MsoNormal><o:p> </o:p></p></div><div><p style='background-image:initial;background-repeat:initial'><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:9.5pt'><o:p></o:p></span></p><p><span style='font-size:11.0pt;font-family:"Calibri",sans-serif;color:#1F497D'> </span><span style='font-size:9.5pt;color:#500050'><o:p></o:p></span></p></div><div><p class=MsoNormal><o:p> </o:p></p></div></div></div></div></div></div></div></div></div></div></div></body></html>