Videos

Often we are contacted by individuals who want to set up a trust; they come to us convinced that they need a trust because of something they heard on tv or saw online. Usually, these individuals are misinformed about the absolute necessity of a trust, and they are not aware of other less expensive options […]

  If you are considering gifting or transferring assets, there are distinct differences between an outright transfer and a transfer into a trust that is important to understand.  1. When prepared correctly, a transfer to a trust provides: •Asset protection; and •A step up in tax basis. 2. An outright transfer to children or others may incur: […]

There are many benefits to Medicaid Assistance, including the ability for seniors to age at home and receive care from a family member in a familiar environment. However, in order to qualify for Medical Assistance for Home Care Services/Community Medicaid (Medicaid), an individual’s assets cannot exceed $15,150.00—this is the combined total of all assets in […]

  Many of the inquiries we receive involve Powers of Attorney (POA) — and many of these inquiries deal with the ramifications of Do-It-Yourself (DIY) templates found online.  DIY Powers of Attorney generally do not work out well for the principal and agent. Problems occur when they are tendered to a financial institution, title company, […]

There are very specific rules governing the definition of the homestead with regard to applying and qualifying for Medical Assistance (Medicaid). For Medical Assistance (Medicaid), the homestead includes the home, land, and integral parts such as garages and outbuildings. The homestead may be a condominium, cooperative apartment, or mobile home. Vacation homes, summer homes, or […]