Archive for the Estate Administration Category

What Is Pennsylvania’s Estate Recovery Program and How Can You Eliminate or Minimize the Ability of the State to Seize the Inheritance You Want to Leave to Your Loved Ones

On November 11, 2019   /   Asset Protection, Elder Law, Estate Administration, Estate Recovery Program, Medicaid, nursing home, PA Inheritance Tax  
What Is Pennsylvania’s Estate Recovery Program and How Can You Eliminate or Minimize the Ability of the State to Seize the Inheritance You Want to Leave to Your Loved Ones

Medicaid wants its money back and will seize whatever assets are left in your probate estate. f you are the current recipient of Medicaid or believe you may have to seek Medicaid down the road, it’s important to know that Medicaid can try to collect money from your probate estate after your death. For many seniors, the only asset remaining following an extended nursing home stay is their home.

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How a Pre-Paid Funeral Plan Can Ease the Burden on Your Family

On October 27, 2019   /   Asset Protection, Estate Administration, Irrevocable Trusts  
How a Pre-Paid Funeral Plan Can Ease the Burden on Your Family

A growing number of people are planning their own funerals by designating their funeral preferences and by paying for it in advance. Prepaying for your funeral has multiple benefits. It can: Ease the burden on your family following your death; Ensure that your wishes are carried out […]

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Tax Allocation Clause – Protect Your Beneficiary(s)

On February 20, 2017   /   Asset Protection, Elder Law, Estate Administration, estate planning, Gifting, Irrevocable Trusts, PA Inheritance Tax, Trusts, Uncategorized, Wills  

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 […]

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