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We’ve all heard that it’s better to give than to receive, but if you think you might someday want to apply for Medicaid long-term care benefits, you need to be careful because giving away money or property can interfere with your eligibility.
Read More »There are some serious drawbacks to many options for giving gifts to grandchildren. Either there are no tax or estate planning advantages, or you have no control of the funds (or lose control after a certain point), or the money could affect a grandchild’s eligibility for financial aid.
Read More »Everyone has heard the terms “will” and “trust,” but not everyone knows the differences between the two.
Read More »If you are considering engaging in estate planning or you may be inheriting assets, it is important to understand what the step-up in basis is and how it may affect you.
Read More »When you inherit property, such as a house or stocks, the property is usually worth more than it was when the original owner purchased it.
Read More »According to AARP, people aged 60 and older owe upwards of $290 billion in student loan debt.
Read More »Trusts are legal arrangements used in estate planning, alongside wills and advance directives.
Read More »Do you need an attorney for even “simple” Medicaid planning? This depends on your situation, but in most cases, the prudent answer would be “yes.”
Read More »Some assets transfer directly to heirs after a person’s death. Other assets must go through a process known as probate.
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