Posted by Rich-CA on October 22, 2008 at 16:40:47:
for your rentals? If so, you can sell the property to the LLC at a “fire sale” price. You can get comps from similar foreclosures and use that to support the price.
Social Security asset. How can MOM dump it? - Posted by Jerry W
Posted by Jerry W on October 22, 2008 at 11:42:10:
Hi there Experts:
My Mother has diabetes, weekly dialysis and is in poor physical condition. Oh,and she doesnt have any money. However, she cannot apply for a disability since she has a trailer and land in Oregon that she does not live in. She has been trying to sell it for the past year with no luck ,since both her potential buyers couldn’t get a Mobile home loan. The Social security administration says giving it away to one of us kids would be viewed as a “trick” to eliminate assets. Does anyone have any ideas or experience in this area? I have a few rental properties, and am willing to help, but I really dont know what my options are here. Any help much appreciated Thanks! Jerry
SS Lawyers’ website - Posted by John Merchant
Posted by John Merchant on October 30, 2008 at 11:12:02:
I happened onto a website by a law firm specializing in SS Claimant law and it’d probably give you the info you’re wanting if you could find that website.
It had a great deal of free infor on its Q&A section.