Archive for the 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 […]

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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, […]

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WHAT is a will and WHY should I have one?

What is a will and why should I have one? A will is a legally executed document which explains how, when and to whom a person would like his or her property to be distributed after death. Under Pennsylvania law, an individual may prepare a will in […]

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