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Answers to your estate planning questions so you can take care of your family and yourself. Answers to your estate planning questions so you can take care of your family and yourself. Answers to your estate planning questions so you can take care of your family and yourself.
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Archives

Monthly Archive for: "April, 2017"
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 12 Questions to Answer Before Using Online Estate Planning Programs
0
By Harry Margolis
In Practical Matters, Second Marriages, Wills
Posted April 21, 2017

12 Questions to Answer Before Using Online Estate Planning Programs

Most of us want to avoid or minimize legal fees, even those of us who are lawyers. You can do this for your estate planning by using an online service, such as LegalZoom or Rocket Lawyer, or [...]

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 How to Spend Down for Medicaid Eligibility
0
By Harry Margolis
In Asset Protection, Long-Term Care Planning
Posted April 21, 2017

How to Spend Down for Medicaid Eligibility

As explained here, in order to be eligible for Medicaid coverage, in most states nursing home residents are limited to $2,000 in “countable” assets and if they’re married, their [...]

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 Asset Limits for Medicaid Coverage of Nursing Home Care
0
By Harry Margolis
In Long-Term Care Planning
Posted April 21, 2017

Asset Limits for Medicaid Coverage of Nursing Home Care

While two-thirds of nursing home residents are covered by Medicaid, at root it is a health care program for the poor. The definition of “poor” has become quite complex in the area of nursing home [...]

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 What’s a “Step-Up” in Basis and Why Would You Want It?
0
By Harry Margolis
In Estate and Gift Taxes, Probate
Posted April 21, 2017

What’s a “Step-Up” in Basis and Why Would You Want It?

The effect of death on taxation of capital gains may be the only silver lining in the passing of a loved one. This is because of the “step-up” in basis that occurs at death. To [...]

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 If You Can Elect Portability, Why Do Marital Estate Tax Planning?
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By Harry Margolis
In Estate and Gift Taxes
Posted April 14, 2017

If You Can Elect Portability, Why Do Marital Estate Tax Planning?

You probably don’t have a federally taxable estate since you can give away $13.6 million (in 2024) tax free. And if you’re married, when you die, your spouse can elect to inherit your [...]

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 Portability Permits Doubling the Estate Tax Exemption for Surviving Spouses
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By Harry Margolis
In Estate and Gift Taxes
Posted April 14, 2017

Portability Permits Doubling the Estate Tax Exemption for Surviving Spouses

In 2012, Congress instituted portability under which the surviving spouse may add the unused portion of a deceased spouse’s unified credit to her own unified credit. Here’s how it works: Let’s [...]

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 You’re Only Allowed to Give Away $16,000 a Year to Each Recipient, Right?
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By Harry Margolis
In Estate and Gift Taxes
Posted April 14, 2017

You’re Only Allowed to Give Away $16,000 a Year to Each Recipient, Right?

So, you’re only allowed to give away $16,000 a year to each recipient, right? No, wrong. But it might nevertheless be a good rule of thumb. Like many of our clients, you may be under the [...]

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 What If the Name on the Durable Power of Attorney is Misspelled?
0
By Harry Margolis
In Durable Powers of Attorney
Posted April 4, 2017

What If the Name on the Durable Power of Attorney is Misspelled?

Question: My wife’s dad named her as his representative on his durable power of attorney, but her name is misspelled “Ann” and it should be spelled “Anne.” Does this [...]

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Categories
  • Asset Protection (37)
  • Charitable Giving (11)
  • Durable Powers of Attorney (52)
  • Estate and Gift Taxes (69)
  • Guardianship and Conservatorship (10)
  • Health Care Directives (14)
  • Housing and Urban Development (HUD) (1)
  • Irrevocable Trusts (76)
  • Long-Term Care Planning (192)
  • Non-Traditional Families (17)
  • Non-US Citizens (40)
  • Pets (6)
  • Practical Matters (17)
  • Probate (64)
  • Property in Other Countries (6)
  • Real Estate (117)
  • Retirement Plans (25)
  • Revocable Trusts (144)
  • Second Marriages (12)
  • Social Security (20)
  • Special Needs Planning (97)
  • Trustee (55)
  • Vacation Homes (5)
  • Wills (68)
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This comprehensive guide provides all you need to know (in plain English).

Harry Margolis book: The Baby Boomers Guide to Estate Planning

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(An Amazon Prime Reading selection)

Read Sample Chapters

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