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Estate Planning

: Florida Estate Planning Lawyer Blog

Can Grandpa Take His Machine Gun to the Nursing Home?

By David M. Goldman

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What happens if Grandpa needs to Nursing home coverage and he owns a Class3 weapon like a Machine Gun?

Class 3 weapons or those controlled by the National Firearms Act are not exempt assets when it comes to Medicaid Planning.

There are ways to preserve these assets for your family but it involves converting the asset from an exempt asset to a non-exempt asset. On my other blog, Gun Trust Lawyer I wrote a Gun Trust Information article addressing this issue.

If you or your family has a person who needs nursing home coverage and they have war relics which may include a Machine Gun you should Contact a Florida Estate Planning Lawyer to discuss your situation.

Full post as published by Florida Estate Planning Lawyer Blog on May 27, 2008 (boomark / email).

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