Congress finally came to an agreement to avoid the “fiscal cliff.” This agreement includes changes to federal estate taxes as well as Individual Retirement Accounts (IRAs). The American Taxpayer Relief Act sets a “permanent” estate tax rate. This Act also provides a tax break for cash donated […]
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Recently, news coverage has primarily focused on Medicare, while giving very little attention to Medicaid. However, Medicaid remains to be a mystery to many people. Medicaid is the largest source for funding nursing home care, but there are many questions about who can qualify and what coverage […]
Read more →Many of our clients choose to transfer their homes to a Medicaid Asset Protection Trust. They do this because they want to start the clock ticking on Medicaid’s five (5) year ineligibility period caused by gifting of assets. This is only one part of the over-arching plan […]
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