Here is another of the “ask the expert” questions featured at www.eldercarematters.com.
Posts Categorized: Trusts & Estates
Are the proceeds from a reverse mortgage viewed as “countable asset” by Medicaid when making application?
This is another of the featured questions I authored for www.eldercarematters.com. I was given the honor of being named their inaugural national elder care expert of the week.
Roth IRAs offer powerful planning opportunities
Roth IRAs offer some great planning opportunities, largely centered around the fact that they do not entail “required minimum distributions.”
Internet-Drafted Estate Plans Don’t Save Money in the Long Run
Doing it yourself is fine if you know what you’re doing.
Keeping PACE with Elder Care Costs
PACE is a little-known program that may offer promising alternatives for elder care.
Portability: a Good Idea but Will it Last?
Estate tax exclusion “portability” is a nice idea, but dangerous if you don’t understand its implications.
Congress Extends the IRA Charitable Rollover
An important piece of the new tax act is the extension of a great way to make charitable gifts through your IRA. The only catch is you have to be 70-1/2 or older to take advantage of it.
Let the IRS take a bath for a change
Estate taxes are completely optional for those who are motivated to avoid them. A special wrinkle in the law provides a rare opportunity to make gifts to charity and your loved ones without the IRS or Congress getting their hands on your assets after you are gone.
The Latest Temporary Estate Tax Rules
Now we know what the gift, estate, and generation-skipping transfer tax rules will be–for the next two years, as Congress passes the “tax relief” bill that we have been hearing so much about. There may be good reason to breathe a sigh of relief, but not to put off estate planning.
Do you really want to be a Trustee?
Being named as a Trustee is a great honor. It is an even greater responsibility. There are some things you should think about before you accept the role.