<html><head><meta http-equiv="Content-Type" content="text/html; charset=utf-8"></head><body style="word-wrap: break-word; -webkit-nbsp-mode: space; line-break: after-white-space;" class=""><div class="">Thanks everyone for the input!!</div><div class=""><br class=""></div>FYI, I did meet with the mom alone to discuss her wishes before the daughters joined us. She definitely has a strong opinion about things, including not getting married again. :-)<div class=""><br class=""></div><div class="">amy<br class=""><div class=""><br class=""></div><div class=""><br class=""><div class="">
<div style="color: rgb(0, 0, 0); letter-spacing: normal; text-align: start; text-indent: 0px; text-transform: none; white-space: normal; word-spacing: 0px; -webkit-text-stroke-width: 0px; word-wrap: break-word; -webkit-nbsp-mode: space; line-break: after-white-space;" class=""><div style="color: rgb(0, 0, 0); font-family: Helvetica; font-size: 12px; font-style: normal; font-variant-caps: normal; font-weight: normal; letter-spacing: normal; text-align: start; text-indent: 0px; text-transform: none; white-space: normal; word-spacing: 0px; -webkit-text-stroke-width: 0px; font-variant-ligatures: normal; font-variant-position: normal; font-variant-numeric: normal; font-variant-alternates: normal; font-variant-east-asian: normal; line-height: normal; word-wrap: break-word; -webkit-nbsp-mode: space; line-break: after-white-space;" class=""><div style="color: rgb(0, 0, 0); letter-spacing: normal; text-align: start; text-indent: 0px; text-transform: none; white-space: normal; word-spacing: 0px; -webkit-text-stroke-width: 0px; word-wrap: break-word; -webkit-nbsp-mode: space; line-break: after-white-space;" class=""><div style="color: rgb(0, 0, 0); letter-spacing: normal; text-align: start; text-indent: 0px; text-transform: none; white-space: normal; word-spacing: 0px; -webkit-text-stroke-width: 0px; word-wrap: break-word; -webkit-nbsp-mode: space; line-break: after-white-space;" class=""><div class=""><font face="Lucida Calligraphy" class=""><i class=""><br class="Apple-interchange-newline">Amy J. Goertz, J.D.</i></font></div><div class=""><font face="Lucida Calligraphy" class=""><i class="">Goertz & Lambrecht PLLC</i></font></div><div class=""><div class="" style="word-wrap: break-word; -webkit-nbsp-mode: space; line-break: after-white-space;"><a href="mailto:amyjgoertz@icloud.com" class="">amyjgoertz@icloud.com</a> </div><div class="" style="word-wrap: break-word; -webkit-nbsp-mode: space; line-break: after-white-space;"><br class=""></div><div class="" style="word-wrap: break-word; -webkit-nbsp-mode: space; line-break: after-white-space;">1.888.926.2607 phone<br class="">1.877.684.1627 fax<br class=""><br class=""></div><div class="" style="word-wrap: break-word; -webkit-nbsp-mode: space; line-break: after-white-space;">Address for correspondence:</div><div class="" style="word-wrap: break-word; -webkit-nbsp-mode: space; line-break: after-white-space;">2829 S. Grand Blvd., Suite 303<br class="">Spokane, WA 99203 </div><div class="" style="word-wrap: break-word; -webkit-nbsp-mode: space; line-break: after-white-space;"><br class=""></div><div class="" style="word-wrap: break-word; -webkit-nbsp-mode: space; line-break: after-white-space;">Additional office locations:</div><div class="" style="word-wrap: break-word; -webkit-nbsp-mode: space; line-break: after-white-space;">510 Bell Street<br class="">Edmonds, WA 98020</div><div class="" style="word-wrap: break-word; -webkit-nbsp-mode: space; line-break: after-white-space;"><br class=""></div><div class="" style="word-wrap: break-word; -webkit-nbsp-mode: space; line-break: after-white-space;">7418 East Helm Drive<br class="">Scottsdale, AZ 85260</div><div class="" style="word-wrap: break-word; -webkit-nbsp-mode: space; line-break: after-white-space;"><br class=""></div><div class="" style="word-wrap: break-word; -webkit-nbsp-mode: space; line-break: after-white-space;">Goertz & Lambrecht PLLC</div><div class="" style="word-wrap: break-word; -webkit-nbsp-mode: space; line-break: after-white-space;"><a href="http://www.goertzlambrecht.com/" class="">www.goertzlambrecht.com</a></div></div><div class=""><br class=""></div><div class=""><br class=""></div></div><br class="Apple-interchange-newline"></div><br class="Apple-interchange-newline"></div><br class="Apple-interchange-newline" style="color: rgb(0, 0, 0); font-family: Helvetica; font-size: 12px; font-style: normal; font-variant-caps: normal; font-weight: normal; letter-spacing: normal; text-align: start; text-indent: 0px; text-transform: none; white-space: normal; word-spacing: 0px; -webkit-text-stroke-width: 0px; font-variant-ligatures: normal; font-variant-position: normal; font-variant-numeric: normal; font-variant-alternates: normal; font-variant-east-asian: normal; line-height: normal;"><br class="Apple-interchange-newline" style="color: rgb(0, 0, 0); font-family: Helvetica; font-size: 12px; font-style: normal; font-variant-caps: normal; font-weight: normal; letter-spacing: normal; text-align: start; text-indent: 0px; text-transform: none; white-space: normal; word-spacing: 0px; -webkit-text-stroke-width: 0px;"></div>
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<div><br class=""><blockquote type="cite" class=""><div class="">On Feb 27, 2018, at 4:01 PM, Setareh Mahmoodi <<a href="mailto:mahmoodi.setareh@gmail.com" class="">mahmoodi.setareh@gmail.com</a>> wrote:</div><br class="Apple-interchange-newline"><div class=""><div dir="auto" class="">Also, a personal preference, if it were me I would want to meet with mom alone next time without the daughters present to talk about the pros and cons of all of the options. I always get wary of transferring or gifting the parents main asset to the children during the parent's life time and want to make sure they can ask any questions they may have and understand the implications. <div dir="auto" class=""><br class=""></div><div dir="auto" class="">Just a thought...</div></div><div class="gmail_extra"><br class=""><div class="gmail_quote">On Feb 27, 2018 3:46 PM, "Setareh Mahmoodi" <<a href="mailto:mahmoodi.setareh@gmail.com" class="">mahmoodi.setareh@gmail.com</a>> wrote:<br type="attribution" class=""><blockquote class="gmail_quote" style="margin:0 0 0 .8ex;border-left:1px #ccc solid;padding-left:1ex"><div dir="auto" class=""><div class="">The other issue with gifting the house to the daughters now is that the house then belongs to the daughters not mom during her life time so technically they could kick her out, the house/equity becomes open to daughters' creditors, etc. There's also co-ownership potential issues that arise if the house is owned by all 3 daughters, so it's something worth discussing depending on what the end goals are for the property. </div><div dir="auto" class=""><br class=""></div><div dir="auto" class="">If she requires or could require Medicaid planning, there's the penalty and asset transfer issues to explore too. </div><div dir="auto" class=""><br class=""></div><div dir="auto" class="">Maybe a residence trust with a life estate to mom to ensure her comfort/security during her life time with daughters as beneficiaries? </div><div dir="auto" class=""><br class=""></div><div dir="auto" class="">I would highly recommend a cohab agreement in any scenario. </div><div dir="auto" class=""><br class=""></div><div dir="auto" class="">Setareh <br class=""><div class="gmail_extra" dir="auto"><br class=""><div class="gmail_quote">On Feb 27, 2018 2:43 PM, "Amy Goertz" <<a href="mailto:amyjgoertz@icloud.com" target="_blank" class="">amyjgoertz@icloud.com</a>> wrote:<br type="attribution" class=""><blockquote class="m_8913630917915497538quote" style="margin:0 0 0 .8ex;border-left:1px #ccc solid;padding-left:1ex"><div style="word-wrap:break-word;line-break:after-white-space" class=""><span style="font-size:14px" class="">Fellow listers,</span><div class=""><span style="font-size:14px" class=""><br class=""></span></div><div class=""><span style="font-size:14px" class="">I have a potential client who came in with her three adult daughters to discuss concerns regarding Mom's boyfriend moving into the family home. Mom is 80 and boyfriend has prior bankruptcy in his past. They had previously been advised to tell the boyfriend to keep a post office box and not receive his mail at the house, so as to prevent him from establishing himself as a resident or tenant at the house (that’s a new one on me). Although the mom is quite sharp now, the thought is there that she may become less so as time goes on and may become vulnerable to his influence. The main goal of the family is to prevent the boyfriend from claiming any interest in the home in the event something happens to mom, and in particular having some means of getting him out of the house </span><span style="font-size:14px" class="">without a long-term eviction process </span><span style="font-size:14px" class="">if she dies or goes to the hospital. Mom says by no means are they talking about marriage.</span></div><div class=""><span style="font-size:14px" class=""><br class=""></span></div><div class=""><span style="font-size:14px" class="">We discussed a Transfer on Death Deed, but since it is revocable it would leave an open door to him talking the mom into signing something to give him the house. We also discussed a Cohabitation Agreement, which they believe he will be agreeable to signing. We also talked about having her give the daughters the house now, which would require a Gift Tax Return and would also cause them to lose the senior discount on the property taxes.</span></div><div class=""><span style="font-size:14px" class=""><br class=""></span></div><div class=""><span style="font-size:14px" class="">Any thoughts on the best approach here?</span></div><div class=""><br class=""></div><div class=""><div class="">
<div style="letter-spacing: normal; text-align: start; text-indent: 0px; text-transform: none; white-space: normal; word-spacing: 0px; word-wrap: break-word; line-break: after-white-space;" class=""><div style="font-family: Helvetica; font-size: 12px; font-style: normal; font-variant-caps: normal; font-weight: normal; letter-spacing: normal; text-align: start; text-indent: 0px; text-transform: none; white-space: normal; word-spacing: 0px; font-variant-ligatures: normal; font-variant-numeric: normal; font-variant-alternates: normal; font-variant-east-asian: normal; line-height: normal; word-wrap: break-word; line-break: after-white-space;" class=""><div style="letter-spacing: normal; text-align: start; text-indent: 0px; text-transform: none; white-space: normal; word-spacing: 0px; word-wrap: break-word; line-break: after-white-space;" class=""><div style="letter-spacing: normal; text-align: start; text-indent: 0px; text-transform: none; white-space: normal; word-spacing: 0px; word-wrap: break-word; line-break: after-white-space;" class=""><div class=""><font face="Lucida Calligraphy" class=""><i class=""><br class="m_8913630917915497538m_-5068528262678568094Apple-interchange-newline">Amy J. Goertz, J.D.</i></font></div><div class=""><font face="Lucida Calligraphy" class=""><i class="">Goertz & Lambrecht PLLC</i></font></div><div class=""><div style="word-wrap:break-word;line-break:after-white-space" class=""><a href="mailto:amyjgoertz@icloud.com" target="_blank" class="">amyjgoertz@icloud.com</a> </div><div style="word-wrap:break-word;line-break:after-white-space" class=""><br class=""></div><div style="word-wrap:break-word;line-break:after-white-space" class=""><a href="tel:(888)%20926-2607" value="+18889262607" target="_blank" class="">1.888.926.2607</a> phone<br class=""><a href="tel:(877)%20684-1627" value="+18776841627" target="_blank" class="">1.877.684.1627</a> fax<br class=""><br class=""></div><div style="word-wrap:break-word;line-break:after-white-space" class="">Address for correspondence:</div><div style="word-wrap:break-word;line-break:after-white-space" class="">2829 S. Grand Blvd., Suite 303<br class="">Spokane, WA 99203 </div><div style="word-wrap:break-word;line-break:after-white-space" class=""><br class=""></div><div style="word-wrap:break-word;line-break:after-white-space" class="">Additional office locations:</div><div style="word-wrap:break-word;line-break:after-white-space" class="">510 Bell Street<br class="">Edmonds, WA 98020</div><div style="word-wrap:break-word;line-break:after-white-space" class=""><br class=""></div><div style="word-wrap:break-word;line-break:after-white-space" class="">7418 East Helm Drive<br class="">Scottsdale, AZ 85260</div><div style="word-wrap:break-word;line-break:after-white-space" class=""><br class=""></div><div style="word-wrap:break-word;line-break:after-white-space" class="">Goertz & Lambrecht PLLC</div><div style="word-wrap:break-word;line-break:after-white-space" class=""><a href="http://www.goertzlambrecht.com/" target="_blank" class="">www.goertzlambrecht.com</a></div></div><div class=""><br class=""></div></div></div></div></div></div></div></div><br class="">______________________________<wbr class="">_________________<br class="">
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