The Department of Veterans Affairs (VA) has finalized new rules that establish an asset limit, a look-back period, and asset transfer penalties for claimants applying for VA needs-based benefits. This is a change from current regulations, which do not contain a prohibition on transferring assets prior to […]
Read more →Archive for the Trusts Category
Here is another common mistake in our “Estate Planning Mistakes To Avoid” series: Do not assume family members are the best choice to act as Trustee. You should consider using a corporate Trustee while incorporating powers and provisions that give your children and family members the ability […]
Read more →AN INHERITED IRA IS NOT WHAT IT USED TO BE: With the 2014 Supreme Court ruling that inherited IRAs are not protected in a bankruptcy proceeding, came the understanding that a beneficiary of retirement assets cannot assume that those assets will have the same protections provided by […]
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