Using PA UTMA Accounts for Gifts to Grandchildren: We frequently have clients asking about ways they can make gifts to grandchildren. For large gifts (ie. hundreds of thousands of dollars), we will almost most often use some form of irrevocable trust to aid in the proper protection […]
Read more →Archive for the Irrevocable Trusts Category
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 […]
Read more →The specter of Medicaid estate recovery causes fear for many who are considering the consequences of gifting to qualify for Medical Assistance. However, the speakers at the recent National Academy of Elder Law Attorneys’ (NAELA) 2012 Annual Conference in Seattle, Washington reminded the attendees that through proper […]
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