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?
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 …
Posted by Bakalar & Associates, PA 7/10/19 The Law Offices of Bakalar & Associates, PA is pleased to announce that as of June 1, 2018 attorneys Susan P. Bakalar and Leonard Wilder have received their certification in Condominium & Planned …
By Susan P. Bakalar, Esq. and Raymond A. Piccin, Esq. Legendary singer Aretha Franklin was thought to have died without a will, but the recent discovery of handwritten documents in her home are calling that into question. A representative of …
By Susan P. Bakalar, Esq. and Raymond A. Piccin, Esq. How can you make sure your funeral and burial wishes will be carried out after you die? It is important to let your family know your desires and to put …
By Susan P. Bakalar, Esq. and Raymond A. Piccin, Esq. Whether it’s an honor or a burden (or both), you have been appointed trustee of a trust. What responsibilities have been thrust upon you? How can you successfully carry them …
By Susan P. Bakalar, Esq. and Raymond A. Piccin, Esq. Many people think that estate plans are for someone else, not them. They may rationalize that they are too young or don’t have enough money to reap the tax benefits …
By Susan P. Bakalar, Esq. and Raymond A. Piccin, Esq. Have you considered your pet or pets when planning your estate? If not, you should, according to The Humane Society of the United States, the nation’s largest animal protection organization. …
By Susan P. Bakalar, Esq. and Raymond A. Piccin, Esq. The new tax law makes it harder to claim a tax deduction for charitable contributions. While charitable giving should not be only about getting a tax break, if you want …
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