What Are the Differences Between HOAs, Condo Associations and Tenants in Common?

Article Courtesy of  Yahoo Finance By Laura Woods Published May 2, 2021 You’re planning to purchase a new home, and while browsing online, you’ve noticed many of the listings you’re interested in contain unfamiliar real estate terms. Specifically, you want …

A Guide To The Fair Housing Act And Its Exemptions

Article Courtesy of  Forbes Advisor By Cathy Bond + Rachel Witkowski Published May 3, 2021 Everyone deserves a stable, affordable place to live. But the unfortunate truth is that discrimination in housing has prevented some vulnerable groups from achieving this …

Your Guide to Neighbor-to-Neighbor Disputes

Living in a neighborhood comes with many benefits, including community safety, proximity to people you like and the opportunity to receive support during tough times. Unfortunately, neighborhood living can also come with drawbacks when you and your neighbors don’t get …

Can My Mom Take Out a Home Equity Loan on a House in Her Name Without Affecting My Dad’s Medicaid Benefits?

My dad is in a nursing home and qualified for Medicaid nearly three years ago. My mom still lives in their home in Pennsylvania. The deed was transferred into her name alone during Medicaid’s “spend down” period. She was planning to take out a home equity loan, but she has been told it might jeopardize my dad’s Medicaid eligibility. Is this true?

Latest John Oliver Rant Details Failings of Our Long-Term Care System

In a profanity-laced episode of his HBO show that is by turns hilarious and deeply disturbing, comedian John Oliver delivers one of his trademark rants, this one exposing the “abuse and neglect” that he contends are all-too-prevalent in our system of long-term care. 

How an Irrevocable Life Insurance Trust Can Be Used to Avoid the Estate Tax

With the federal estate tax exemption possibly about to be lowered, it may be time to think about steps you can take to keep your estate from being taxed. An irrevocable life insurance trust allows you to pass on money to your heirs while avoiding estate taxes. 

Why an Irrevocable Trust May Be Superior to Gifting

Parents and other family members who want to pass on assets during their lifetimes may be tempted to gift the assets.  Although setting up an irrevocable trust lacks the simplicity of giving a gift, it may be a better way to preserve assets for the future. 

Senators Propose Sweeping Changes to the Taxation of Estates and Inherited Gains

Vermont senator Bernie Sanders has introduced legislation that would require more estates to pay estate tax and that raises the amounts they would pay. Another proposed law would eliminate the step-up in basis that inherited assets currently enjoy.