Life Becomes More Complicated, a column authored by Attorney Michael Hooker is a wealth of information. He covers everything from living wills to nursing home costs. We are happy to provide copies of his articles here.

 

Americans are living longer as a result of better health care, medicine, technology and nutrition. Meanwhile society is becoming increasingly global. In the past, children often stayed on the farm or nearby as their parents aged.

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Many clients ask me, "Why can't I transfer my real estate (house) to my children? Ijust read in the paper that my neighbor did it for a dollar." The short answer is "yes, you can transfer to your children for a dollar." However, such a step should not be taken lightly, given that the house is often the elder's most significant asset.

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