Vacation property and “second homes” – whether in the mountains or at the beach – present a number of legal and tax planning opportunities.
A little secret: Most of what you'll read here also applies to your residence.
Avoid Probate With A Trust
First, consider probate … Continue Reading
Dad died 5 years ago and there is a trust under his will for Mom. Will the trust be countable if Mom goes into a nursing home?
Mom and Dad set up an irrevocable trust years ago (Bill Clinton was on his first term) and put land and some other assets in the trust. Are the assets … Continue Reading
Sometimes government really does work right. The United State Marine Corps comes immediately to mind. Another program, new to Randolph County and surrounding areas, is the Program of All-inclusive Care for the Elderly. PACE.
In Randolph County, StayWell Senior Care operates the … Continue Reading
It’s time I explain why I have no problem helping out all but the wealthy with Medicaid long term care planning. Bear with me, because at the end I am once again seeking your input.
I recently wrote that the Medicaid-based system of financing long term care (nursing home care) … Continue Reading
Like it or not Medicaid has become a middle class nursing home financing system. Not out of greed, but out of necessity.
The last attempt Congress took at “reforming” the Medicaid rules, they simply came up with more complex rules and “kicked the can down the road.”
Our … Continue Reading