An elder law attorney suggested the purchase of a vehicle as a way to protect some of my grandma’s assets. While this would be excluded during the Medicaid spend-down, what can we do to prevent the car from being taken by estate recovery after she passes? I was told to do a title transfer from her name to mine after she is qualified for Medicaid. Is it really that simple?
Don’t assume your estate will automatically go to your spouse when you die. If you don’t have an estate plan, your spouse may have to share your estate with other family members. If you die without an estate plan, the …
President Biden’s administration will usher in, two possibilities are that it will propose lowering the estate tax exemption and eliminating the stepped-up basis on death. The first would affect only multi-millionaires, but the second could have an impact on more modest …
By Bakalar & Asociates, PA Many financial planners have been ill advised regarding the modern benefits of Irrevocable Trusts. Traditional Irrevocable Trusts pose several historical problems which include: 1. Requirement for a new EIN number from the IRS for income …
By Bakalar & Associates, PA We cannot overemphasize the importance of properly “funding” your Trust. Your Trust can only control the assets you put into it. You may have a great Trust, but until you “fund” it (transfer your …
Every person should have a legal will that dictates the wishes of the one who wrote the legal document. This document is considered legal and binding after the person dies. Sometimes, others attempt to challenge a will for several different …
Article Courtesy of Bankrate By Jeff Ostrowski Published February 9, 2021 Some mortgage firms gave homeowners “incomplete or inaccurate information” about a federal law designed to prevent a spike in foreclosures, a federal regulatory agency says in a new report. The findings …
When you are in the process of writing your will, you are trying to think about what will be best for your family members in the years ahead. Unfortunately, even if you have carefully considered all the options while completing …
Article Courtesy of The Sun Sentinel By Ron Hurtibise Published October 4, 2020 Gov. Ron DeSantis has finally allowed his moratorium on residential evictions to expire, six months after it took effect on April 2. In a statement released late Wednesday afternoon, …
By Susan P. Bakalar, Esq. and Raymond A. Piccin, Esq. At the doctor’s office and want to know if a procedure is covered by Medicare? There is an app for that. Medicare Launches App that gives beneficiaries a quick way …
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