Archive for the Irrevocable Trusts Category

Tax Allocation Clause – Protect Your Beneficiary(s)

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?

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

Warning! Medicaid Rules Apply For Same Sex Marriages!

Now that same sex marriages are legally recognized in Pennsylvania and by the federal government, same sex married couples have to be aware of all the legal ramifications of being married.  We are now working with a number of same sex couples to formulate estate plans and […]

Read more