"Learning from Whitney Houston's Estate Plan" by Attorney Victor A. Lembo … [Read more...]
Learning from Whitney Houston’s Estate Plan
The world was shocked with the tragic death of iconic superstar Whitney Houston. Her passing was unexpected, and the fact that she had estate planning in place was surprising to many. One of the bright spots in this sad story is that she planned for the unexpected such that her family would have guidance as to the distribution of her assets. According to various news agencies, Whitney Houston’s … [Read more...]
The Ins and Outs of Gifting
Everyday I meet with families and we discuss the estate planning technique of gifting, which can be a valuable strategy to reduce estate taxes. Gifting can be done on a limited basis or it can be done on a continuous basis as part of an overall plan to reduce estate taxes. Either way it can be relatively easy. Most people have heard that you can give away $14,000 per year per person (this … [Read more...]
The Ins and Outs of Gifting (Audio)
"The Ins and Outs of Gifting" by Attorney Colleen Sinclair Prosser … [Read more...]
Gifting Strategies to Consider
If you are fortunate enough to have extra funds that you will not need during your lifetime, a strategy for gifting is something to consider. The easiest and most straightforward way to gift is to give money directly to the recipient. You can give up to $14,000 per year per person without having to file a gift tax return. You can give more than that but it will require the filing of a gift … [Read more...]
Gifting Strategies to Consider (Audio)
"Gifting Strategies to Consider" by Attorney Colleen Sinclair Prosser … [Read more...]
End of the Year Reminders
As we approach the end of the year, we become busy with holiday celebrations, visits with family and friends, and vacation. Our to-do lists grow longer and many items and resolutions are pushed to the next year. However, it is important to keep in mind various deadlines, whose dates are not as flexible as some of our other goals. Minimum required distributions If you are age 70 ½ and … [Read more...]
End of the Year Reminders (Audio)
"End of the Year Reminders" by Attorney Brooke J. Shemer … [Read more...]
What Is a Medicaid Asset Protection Trust? How Does It Work?
If you are considering applying for Medicaid for yourself or a loved one to pay for costly nursing home expenses, you may already be familiar with the financial requirements that a person must meet in order to qualify for Medicaid. Without getting into the details of all of the rules and exceptions, for a single person to qualify for Medicaid they must have no more than $2500, can keep a house, … [Read more...]
What Is A Medicaid Asset Protection Trust and How Does It Work? (Audio)
"What Is A Medicaid Asset Protection Trust and How Does It Work?" by Attorney Jon J. Gasior … [Read more...]
