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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It is a mistake to assume your adult, capable children and beneficiaries do not need to receive their inheritance in trust. PLANNING WITHOUT DIVORCE, CREDITOR & ASSET PROTECTION Traditionally, people have used estate planning documents, such as wills and trusts, to pass assets at their death to […]
Read more →2017 PA Inheritance Tax rates are unchanged. Pennsylvania imposes an inheritance tax on a decedent’s taxable estate. The tax applies to every dollar of the estate in excess of expenses and debts. There is no exemption nor is there an exclusion under which no tax will apply. […]
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