She is also a member of chicago bar association You could be responsible for your parents' unpaid health care bills More than half of all states currently have laws making adult children financially responsible. Find an elder law attorney in ohiowe need to plan for the possibility that we will become unable to make our own medical decisions This may take the form of a health care proxy, a medical directive, a living will, or a combination of these. The capital gain from selling your life estate property will be the difference between the sale proceeds and the value of the property in 2011 when your mother passed away
If, for instance, the fair market value then was $200,000, and you received $275,000 after deducting any real estate brokerage commission, your gain would be $75,000 Dividing the proceeds between the life tenant and the. Collins received his juris doctorate from salmon p Chase college of law in 1994, and received his bachelor of arts degree in political science and french from morehead state university in 1991 Mark is licensed to practice law in kentucky and tennessee After graduating from law school, mark began serving his country in the united states army at fort knox, kentucky
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