Mother sold her house and we need to know in order to keep it fair so that when she dies - the money will be split between her children. We were advised to put the funds into a tax def. annuity and her naming the beneficiaries. Is that the best way to do it? Will a nursing home be able to make claim to these funds if she doesn't make the 5 year look back?
What does it cost to set up an annuity? Or is a trust a better solution?
There are so many opinions, but so confusing at the same time.
What does it cost to set up an annuity? Or is a trust a better solution?
There are so many opinions, but so confusing at the same time.