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JD 1992
JD 1992, Lawyer
Category: Family Law
Satisfied Customers: 32154
Experience:  Began practicing Family Law in 1992
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I am 79 and would like to move to a federally subsidized apartment

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I am 79 and would like to move to a federally subsidized apartment complex here in Tx. I have close to fifty thousand in assets which keeps me from qualifying. My choice would be to equally divide my assets among my children, but the application specifically asks if any assets were given away in the last two years. Is there any way I can legally qualify?
Not at this point. They look at at least the last two years to see if you qualify. I think the period of time now is actually six years.

Don't turn in the application if you don't qualify. That puts you in their records.

You may want to set up a trust with the money for the future, that way you retain the use of it (kind of) but it isn't in your possession for government purposes.

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Customer: replied 8 years ago.
thanks, XXXXX XXXXX sense to me. I appreciate your advice.
Good luck to you.

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