Posts Tagged phoenixville pa elder law attorney

One Year Wait for PA Gifting Exemption

On February 25, 2011   /   Uncategorized  

Many people speak to us about gifting and transferring assets to protect them from spending on nursing home care. Frequently, they believe that gifted assets will be immediately exempt from PA Inheritance Tax. That is not correct. In Pennsylvania, a gift in excess of $3,000 must be […]

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Immediate Annuities: Medicaid Planning for Married Couples

On November 3, 2010   /   Uncategorized  

Immediate annuities are used as a means for preserving assets for spouses of nursing home residents. An immediate annuity is an investment whereby an individual pays a lump sum to an insurance company in return for a guaranteed monthly payment for the balance of his or her […]

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