Archive for the Wills 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 […]

Read more

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, […]

Read more

The Official Medicaid Spousal Impoverishment Allowances for 2017

The expense of skilled nursing home care in Pennsylvania ranges from $6,000 to $11,000 a month and, at those rates, can quickly reduce the lifetime savings of elderly couples to zero. There are federal laws in place to protect the financial well-being of a spouse at home […]

Read more