How to find a tax dodge for elderly relative who doesn't want royalty money and wants family to take over.

I have elderly family who doesn't want royalty money to ruin her financial  status at her assisted living home.  How  best to protect this person and assure that she will be taken care of.

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Oil & Gas ProPermalink Reply by Skip Peel - Mineral Consultant on January 27, 2013 at 9:17

Join this group and read through the discussions.

http://www.gohaynesvilleshale.com/group/deathandtaxes


landownerPermalink Reply by Max on January 28, 2013 at 10:22

Too late.  I think everything has to be transferred for a time period of 5 years to protect income from government assistance.

Anyone receiving gov. assistance must fill out documents stating that they have no assets, other than those assets allowed by law. 


landownerPermalink Reply by Pat Patrick on January 28, 2013 at 16:36

David, I have requested you accept me as a friend on this site. When you do I will share what I am going thru on protecting property in La.


landownerPermalink Reply by Lois Henderson on February 1, 2013 at 6:35

I will accept you as a friend if I can find out anything at all about protecting property in La.

Permalink Reply by David P. Bennett, Sr. on February 1, 2013 at 6:44

friend request made.

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