Archive for the Asset Protection Category

Medicaid Asset Protection and Capital Gains Tax Implications

Do You Pay Capital Gains Taxes on Property You Inherit? Medicaid and Nursing Home Asset Protection Planning often coincides with very important tax considerations.  You have to look at these tax issues before setting and Elder Law plan into motion.  This is not to say that the […]

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How Can Promissory Notes Be Used in Medicaid Planning?

Are there ways to effectively and legally use promissory notes in Medicaid Planning?  Promissory notes can be a valuable tool in Medicaid planning.  The likelihood that a promissory note will stand up as a planning tool, is illustrated by a recent federal district court case. In order […]

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Transfer of House to Trust – Make Sure You Have A Lease Too!!

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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