Inheritance taxation of natural gas rights in Pennsylvania
Jul 17, 2012
The Pennsylvania Department of Revenue has clarified its policy concerning the valuation of natural gas rights for Pennsylvania state inheritance tax purposes. In Inheritance Tax Bulletin 2012-01 (Issu...
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HOW TO GET GOOD CARE IN A NURSING HOME
Sep 22, 2011
One of the most difficult transitions we may have to face as
we age is the change from independent living in our own home to living in a
long term care facility, or nursing home. There are many reaso...
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Transfers to a Disabled Child may be exempt from Medicaid penalties
Aug 21, 2011
Medicaid
law limits the ability of an individual to give away their assets in
order to meet the resource level required for Medicaid help in paying
for nursing home care. The law imposes a peri...
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Legal Planning Tools for Financial Incapacity
Aug 20, 2011
As we age, there is a pretty good chance
that some day we will temporarily or permanently need help in handling
our financial affairs. Have you created a plan for who would make
financial decisions ...
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Planning for Alzheimer's - 4 Important Questions
Aug 20, 2011
Ive worked with hundreds of clients with Alzheimers and their families over the past 30 years. Here are 4 questions and answers that families ask and some generalized answers. Of
course these ans...
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Financial Powers of Attorney: How to Protect Yourself
May 14, 2011
We never know what life has in store for
us. Hopefully we are realistic enough to understand that we are always
at risk of becoming temporarily or permanently incapacitated due to
accident, illne...
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Medicaid Planning: how does returning part of a gift affect Medicaid eligibility?
May 14, 2011
Penalty Start dates, Partial Cures, and Reverse Half-A-Loaf
Lets say that two years ago your mom gave you
$70,000. You used $40,000 to make down payment on a home, and put the
other $30,000 in a...
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Hidden Tax and Financial Breaks for Children who are Caring for an Aging Parent
Oct 29, 2010
Caring for an aging parent is a difficult road for a child. It's hard to appreciate the potential emotional, physical, and financial toll until you have driven this road yourself. The financial costs f...
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9 Mistakes Retirees Make: Advice from a Certified Elder Law Attorney
Sep 27, 2010
9 Mistakes Retirees Make: Advice from a Certified Elder Law
Attorney
Seniors sometimes make legal
and financial mistakes that cost them or their families thousands of
dollars. Here is a listing o...
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How to use a Community Spouse Annuity to Qualify for Medicaid
Sep 19, 2010
How Medicaid Annuities can protect
your assets when your husband or wife is in a nursing home.
Annuities have become a vital planning tool for people seeking
to protect their resources from the cos...
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