Category Archives for Estate Planning
Does A Life Estate Make Sense For An Estate Plan
Life estates have received some attention recently as a way to resolve partial ownership of a property. Like any other estate planning tool it needs to be considered in light of the objectives of the parties involved. A life estate is a form of joint ownership that allows one person to remain in the house […]
Continue readingEstate Planning Is Not Just Tax Planning
As April 15 approaches following massive changes in the tax laws with the Tax Cuts and Jobs Act, one consistent thought follows. Over the years as the tax code changes both for estates and individuals and corporations, proper planning considers not just taxes but the ultimate goals of the taxpayer whoever that taxpayer might be. […]
Continue readingWhy Revocable or Irrevocable Trusts for Estate Planning
In dealing with Medicaid structuring and estate planning, I am often asked whether a trust could be the answer. Trusts are not an easy subject to understand. Even with right answers, changes in laws, regulations and Court decisions could change the answer. Here are some ideas. Revocable (Living) Trusts. A revocable trust can be changed […]
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