[TR] keeping triumphs in family

[Joe Curry]

Transfer title to a close family member and no longer worry about it.

 

  _____  

From: Triumphs [mailto:triumphs-bounces at autox.team.net] On Behalf Of Gary
Nafziger
Sent: Monday, February 19, 2018 4:41 PM
To: triumphs at autox.team.net
Subject: [TR] keeping triumphs in family

 

we are getting older and wondering about what to do to keep triumphs in the
family.  specifically.........I think in IOwa the rules are that once in a
nursing home you pay out of private funds untill you run out of money then
go on title 19.  medicaid.  

 

If only one of you go in you keep your house and one vehicle and $2,500.  In
other words you must get rid of most of your assets.  I'm not sure how
serious they would be about making you sell triumphs.  I'm thinking of
changing the titles to my son's.  then keep paying the insurance and upkeep
and driving them myself.  (i think the state checks out all your
transactions back 5 yrs).

 

anyway has anyone else been through this?  any suggestions or opinions?

 

gary n.

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