The irrevocable Medicaid Asset Protection Trust has proven to be a highly effective estate planning tool for many older Americans. There are many factors to consider when deciding whether a Medicaid Asset Protection Trust is right for you and your family. This brief overview is designed to give you a starting point for discussions...
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Category: Asset Protection
What is a Life Estate?
A life estate is a special designation in probate law referring to a gift to a family member that lasts as long as the life of the recipient. If an individual uses a life estate as part of his or her estate plan, whatever is bequeathed under the life estate will revert...
What is Estate Tax Portability and How Does It Affect Me?
At the end of 2012, the entire country watched as major changes were made to income tax laws with the adoption of the American Taxpayer Relief Act of 2012 (ATRA). The act also made significant changes in estate...