Generally, A Life Estate is…… The phrase “life estate” often comes up in discussions of estate and Medicaid planning, but what exactly does it mean? Generally, a life estate is a form of joint ownership that allows one person to live in a house until his or […]
Read more →Archive for the Asset Protection Category
Remember to Review The Tax Allocation Clause In Your Will or Trust Most people do not realize that they can choose which beneficiaries will be responsible for paying the PA Inheritance Tax and Federal Estate Tax on their taxable estate. Many wills are written automatically and sometimes […]
Read more →Is Transferring Assets to Qualify for Medicaid Against the Law? You may have heard that transferring assets, or helping someone to transfer assets, to achieve Medicaid eligibility is a crime. Is this true? The short answer is, no. For a brief period it was, and it’s possible, […]
Read more →
