Georgenia’s sole major asset is a house that she purchased in 1972 for $56,000. In 2012, that house is now worth $475,000.
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Get it written →Georgenia’s sole major asset is a house that she purchased in 1972 for $56,000. In 2012, that house is now worth $475,000. Georginia wants to transfer the house to a medicaid planning trust. What should she ensure when the trust is made regarding whether the trust should be in her taxable estate?
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