Minimizing Estate Tax for Singles
Jun 23, 2021
Estate tax planning can be complicated and must be custom tailored to each client’s individual assets and goals. Federal Estate Tax Currently, the federal estate tax exemption is $11.7 million and the...
See Full Guide
Time to Spring Clean Your Estate Plan
May 14, 2021
Not unlike our homes and yards, our estate plans may be in need of a spring cleanup too! If it has been a few years since you have visited with your estate planning attorney, now is the perfect time t...
See Full Guide
Mistakes People Make with Do-it-Yourself Wills
Mar 12, 2021
Whenever I hear someone say they wrote their own Last Will and Testament, a familiar phrase comes to mind, "Don’t try this at home!" Unless you are an experienced estate planning attorney, it is not a...
See Full Guide
Do Bank Accounts Go Through Probate?
Jan 07, 2021
Whether a bank account must go through probate depends on how the account was held – jointly or in the decedent’s sole name. Like real property, bank accounts can be owned in many ways. Jointly Owned ...
See Full Guide
The Third Party Supplemental Needs Trust Trigger
Nov 30, 2020
As Elder Law Attorneys, we focus on Medicaid planning for our clients in order to have access to long-term care. It is equally as important to ensure that their beneficiaries will have access to gover...
See Full Guide
When would I use a Qtip Trust?
Sep 18, 2020
A Qualified Terminable Interest Property trust, commonly known as a QTIP trust for short, is a type of marital trust that offers flexibility in planning for your spouse and remainder beneficiaries upo...
See Full Guide
Capital Gains in Estate Planning
Aug 14, 2020
While an increase in your home’s value is a good problem to have, homeowners also incur a substantial tax bill from the capital gain if and when they decide to sell. The capital gain in your property ...
See Full Guide
Medicaid Asset Protection Trust upon Death of Spouse
Jul 06, 2020
Irrevocable "Income Only" Trusts, commonly called Medicaid Asset Protection Trusts, are used to protect assets and allow people to qualify for Medicaid long-term care if needed. Often spouses will pla...
See Full Guide
Estate Planning Virtual Signing During COVID-19
Apr 13, 2020
Question: I do not have a Will or advance directives but I am not able to meet with my lawyer at this time due to Covid19. I feel, more than ever, that it is important that I have these documents in p...
See Full Guide
Can I Refinance My Home If it is in an Irrevocable Trust?
Mar 09, 2020
Many people use irrevocable trusts as part of their estate plan for tax savings, asset protection and Medicaid planning. In all these types of trusts, the Grantor (creator) of the trust is going to be...
See Full Guide