Our readers are likely not aware of the Medicaid Estate Recovery process. Medicaid Estate Recovery is something you should be aware of as part of your Medicaid planning. The term refers to a process initiated by state governments in order to recover payments made...
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Ridgewood Estate Planning Blog
More thoughts on funeral planning
On Behalf of The Manna Helmy Law Group | Dec 16, 2011 | Estate Planning
In our last two posts, we have been looking at funeral planning and its importance within the broader task of estate planning. Here we'll look at some further tips with regard to funeral planning.Among the common questions people have about funeral planning are: the...
Funeral planning: consider it part of your estate plan, P.2
On Behalf of The Manna Helmy Law Group | Dec 15, 2011 | Estate Planning
In our last post, we began discussing funeral planning, an important aspect of estate planning. We left off by saying that it is important to set aside money for your funeral. One common approach is to set up a trust through a funeral home. Usually, there are no...
Funeral planning: consider it part of your estate plan
On Behalf of The Manna Helmy Law Group | Dec 9, 2011 | Estate Planning
Funeral planning should be part of everybody's estate planning process. That is especially the case for those who want more than the standard funeral. More and more, folks are choosing to do something more untraditional for their funeral. Part of this is possible...
Estate tax portability: file your estate tax return to take advantage
On Behalf of The Manna Helmy Law Group | Dec 8, 2011 | Estate Planning, Inheritance And Estate Tax
Estate planning attorneys and their clients are keeping busy filing 2011 estate tax returns, despite the fact that the smallest number of estates in 75 years will actually owe any estate tax in 2011. The reason? Estate tax portability.Portability, which came with the...
Estate tax portability: file your estate tax return to take advantage
On Behalf of The Manna Helmy Law Group | Dec 7, 2011 | Inheritance And Estate Tax
Estate planning attorneys and their clients are keeping busy filing 2011 estate tax returns, despite the fact that the smallest number of estates in 75 years will actually owe any estate tax in 2011. The reason? Estate tax portability.Portability, which came with the...
Deceased copper heiress’ family in midst of will contest
On Behalf of The Manna Helmy Law Group | Dec 2, 2011 | Wills
One purpose of probate is to ensure that the will according to which property is distributed is valid, that it accurately represents the intentions of the person who left it behind. There is, of course, always the possibility that family may challenge the validity of...
Asset Protection Trusts: effective or not? P.2
On Behalf of The Manna Helmy Law Group | Nov 29, 2011 | Asset Protection
In our previous post, we started looking at an article discussing the effectiveness of self-settled asset protection trusts. Generally speaking, asset protection trusts are trusts set up for the purpose of avoiding or mitigating the consequences of divorce, taxation...
Asset Protection Trusts: effective or not? P.1
On Behalf of The Manna Helmy Law Group | Nov 25, 2011 | Asset Protection
A recent Forbes article took a look at the general effectiveness of asset protection trusts in light of a recent Alaska case in which a man who set up and funded an asset protection trust was unable to protect his assets from future creditors in bankruptcy.There are...
Rumors of immediate changes to estate/gift tax unlikely
On Behalf of The Manna Helmy Law Group | Nov 23, 2011 | Inheritance And Estate Tax
As we have frequently mentioned on this blog, the current state of the federal estate tax and gift tax exemption is precarious. Through 2012, the lifetime combined exemption amount (for gift tax and estate tax) is set at $5 million, which is affording many people the...