High net worth individuals should be aware of potential estate tax exposure. The tax carries a 40 percent maximum rate that can consume a great deal of what you have been able to earn throughout...
Elder law attorneys frequently help clients who want to qualify for Medicaid coverage. Medicaid is a government health insurance program that is jointly administered by the state government and the federal government. Some people are...
Taxation is something that you constantly face throughout your life, but it can also come into play after you pass away. Many people question the fairness of the estate tax, because it is imposed on...
The fact that there are a lot of rather wordy terms used in the legal field is no secret, and this is where the term “legalese” comes from. Sometimes legal devices are reduced to acronyms...
In this post we will look at the role of the living trust trustee and the qualities that you should look for when you are choosing a trustee. However, before we get into that subject,...
Medicaid planning is important for many senior citizens, and this may surprise you. The reason why Medicaid is relevant is because Medicare does not pay for living assistance. Medicare will pay for up to 100...
What Is a Pennsylvania Family Limited Partnership from Joseph M. Masiuk If any member of the partnership was sued personally, property that was held by the partnership would be protected.Learn more about Pennsylvania Family Limited...
When people start to get serious about estate planning, a lot of questions about taxation are naturally going to arise. There are innumerable taxes that come to mind, and one of them is the capital...
What Is a Pennsylvania Supplemental Needs Trust from Joseph M. Masiuk It is not exclusively for people with disabilities, but many disabled individuals do rely on medicaid for health insurance.Learn more about Pennsylvania supplemental needs...
Now that we have provided the necessary background information, we can look at trusts and nursing home asset protection. There are different types of trusts; some are revocable, and some are irrevocable. You retain control...
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