In our previous post we began looking at the story of a 74-year-old man who is being evicted from the home owned by the elderly woman for whom he has been caring for 38 years.Here we continue that story and look a bit more at the importance of Medicaid planning. As...
Medicaid related property seizures can be traumatic and surprising for all those involved. A recent story in the Columbus dispatch highlights the importance of Medicaid planning.The story spoke of an elderly man how had cared for many years for an elderly woman. But a...
The Wall Street Journal recently published an article discussing the recent changes in the federal gift and estate tax system. As the article points out, the changes have led to the most generous estate and gift tax rates since 1931. Gift tax prevents wealthy people...
In our previous post, we began discussing the changes in the gift and estate tax system for 2011 and 2012. Here we continue that discussion. Beyond the financial and political considerations of making large gifts over the next two years, there are certain emotional...
In our previous post, we looked briefly at the process of gathering together estate assets and paying off debts and taxes of the estate. In this post, we'll look at the final step of distribution of estate assets. The final step of probate administration is to...
In our last post, we looked at an article which gave an overview of the first steps in the process of estate administration, specifically establishing the authenticity of an estate and appointing a legal representative. In this post we will look at a brief overview of...
A recent article on NJ.com explored the basic process of probate administration in New Jersey. Firstly, if there are no assets that are titled in decedent's name alone, there is generally no need for probate. But a will needs to be probated if there are any assets...
It is quite common for individuals to start thinking about building an estate plan once they have children, as they naturally begin to consider who will manage the assets left to the children and who will act as guardian in the event of untimely death. However, adults...
