Asha Paulose

speaker

333 appearances 1 recordings 1 series first heard Mar 2025 last heard Mar 2025

Asha Paulose’s voice in public audio — every appearance, attributed to the second.

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A trust is very costly.

Why go through all that?

And so, you know, maybe it's just a way of getting the right beneficiaries and the assets and getting the right documents in order.

So to just go into...

the talk with your lawyer or, you know, if you do online documents, which is not recommended, but I know people do it.

It's just assuming that you know what the documents are that you need.

The other mistake that I see, well, the two common ones I see all the time is one is the parents don't plan what to do with the house.

And so the default is it goes through court and

they get so nervous as they age and they're like, oh my God, I don't want it to go through court.

I don't want the government taking my house.

And so they quickly deed it to their children.

Or to one of their children.

And so they think they have done the greatest thing and deeded it to their children done.

But in reality, it is hurting them in two ways.

One is in most states, there is a huge tax implication for the adult child.

So this adult child thinks, oh, my God, mom gave me the best gift ever.

But once mom passes away and you try to sell this home, you are hit with such a large capital gains tax.

So before you, when mom calls you and says, I want to give you this house, just say, wait, hold on one second.

Let's talk about this.

The other thing that it does is it hurts you with Medicaid.

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