How to Avoid Taxation on Life Insurance Proceeds By BRIAN BEERSUpdated December 12, 2021 Reviewed by SOMER ANDERSON Fact checked by YARILET PEREZ How to Avoid Taxation on Life Insurance Proceeds. Wouldn't it be nice if you could pass on…
Showing Transfers Were for Purposes Other Than to Qualify for Medicaid Benefits By Jill Roamer, J.D., CIPP/US Medicaid Planning, Case Law When someone needs long-term care and applies for Medicaid benefits, there is a look-back period. The Medicaid agency will look back a…
Elder Law Can Be Scary, But It Doesn’t Have To Be! Aging is something we all must go through. As our bodies and minds decline, so do our decision-making powers. Unfortunately, some of us can become incapacitated and no longer…
The Dangers of Not Funding a Trust, could be the Trick to your Treat! A failure to fund a trust can result in costly probate proceedings or worse—a transfer of your estate to the wrong beneficiaries. Rather than undermining the very purposes of the trust by failing to fund,…
How Medicaid Planning Trusts Protect Assets and Homes from Estate Recovery Last updated: January 04, 2021 What are Medicaid Asset Protection Trusts (MAPT)? Medicaid Asset Protection Trusts (MAPT) can be a valuable planning strategy to meet Medicaid’s asset limit when…
Elder Law Versus Estate Planning: Not So Different After All By Jill Roamer, J.D., CIPP/US Elder Law, estate planning How different is elder law from estate planning, really? Estate planning, in part, deals with helping clients plan for disability, minimize taxes at their…
Case Law: Grantor-retained Annuity Trust and Estate Taxes By Jill Roamer, J.D., CIPP/US estate planning, Case Law In Badgley v. United States, the 9th Circuit upheld summary judgment in favor of the IRS in a case regarding the legality of including the entire Grantor-retained Annuity…
Getting Around the Transfer Penalty for Pooled-Trust Transfers for Individuals 65 Years and Older By Jill Roamer, J.D., CIPP/US Special Needs Planning, Medicaid Planning, Case Law Medicaid laws can be cumbersome and tricky. Federal statutes set out the framework for certain Medicaid eligibility rules…
Medicaid “Crisis" Planning Medicaid "Crisis” Planning is defined as when an individual is already in a skilled nursing facility or will be entering within a short time-period and needs to qualify for Medicaid benefits immediately. This event may also involve…
IRS’ “Dirty Dozen” By Jill Roamer, J.D., CIPP/US Elder Law Each year, the Internal Revenue Service (IRS) puts out their “dirty dozen” list. This is a list of scams that are prevalent that the IRS wants everyone to watch out for.…