Archive for the Trusts Category

What Is Probate? When Is Probate Necessary In PA?

What Is Probate? Probate is initiated by the court appointment of a Personal Representative to act on behalf of a decedent’s estate. Once formally appointed, the Personal Representative will be required to follow the legal requirements laid out for him or her. The legal requirements will include, […]

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What If You Want Gifted Assets Back From An Irrevocable Trust?

The Medicaid Asset Protection Trust is one of the building block documents you are likely to use if you want to properly protect assets from being lost to high nursing home costs.  Click on the following link to get more information about a special type of Irrevocable Trust clients […]

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What You can Keep If Your Spouse Needs Nursing Home Care

Should it become necessary for one spouse to move to a long term nursing care facility (“Institutionalized Spouse”), the spouse who remains at home (“Community Spouse”) will need to know their rights and planning options.  In order to determine the best approach for protecting assets for the Community Spouse and […]

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