Even if you expect to qualify for Medicare as a senior citizen, you should still understand a bit about the Medicaid program. This is because of the fact that Medicare will not pay for living assistance. Most seniors will eventually need help with their day-to-day needs, and custodial care is very expensive. Medicaid is relevant … [Read More]
Can I Give Tax-Free Gifts to My Children?
There is a federal gift tax in the United States, and it is unified with the federal estate tax. The maximum rate of the gift tax and the estate tax is 40 percent. Federal transfer taxes can be levied on gifts that you give to your children. Annual Gift Tax Exclusion Most people never pay … [Read More]
How Does Medicaid Apply to Married Couples?
When you are going through life paying taxes on your income, you are contributing into the Medicare program. Each year you can earn as many as four retirement credits. Once you have 40 credits, you have earned Medicare eligibility. The age of eligibility is 65 at the present time. If you are going to qualify … [Read More]
Do Elder Law Attorneys Practice in Other Legal Areas?
Hartford CT Elder Law Attorneys. [Read More]
Three Common Estate Planning Misconceptions
There are a number of misconceptions that people sometimes harbor about estate planning, and we would like to take a look at three of them here. 1. Estate planning is not important yet because I’m still relatively young. There is a lot of procrastination when it comes to estate planning, and the idea that there … [Read More]
Unequal Inheritances: Communicate With Loved Ones
In many ways [Read More]
Two Wills You May Overlook
There are a number of estate planning documents that the typical layperson may not have ever heard of, but the [Read More]
The Legacy of Jerry Buss
Inheritance Assumptions May Not Be Wise
Of course nobody wants to see their parents or grandparents pass away, and when this takes place it can be emotionally devastating. That being stated, everyone does pass away. As a result it would be disingenuous to suggest that people do not anticipate receiving inheritances. There are those who may not take retirement planning all … [Read More]
Three Things a Revocable Living Trust Won’t Accomplish
To learn more, please download the qualified personal residence trust in connecticut report here for free. [Read More]
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