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 [...]

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 [...]

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 [...]

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 [...]

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 [...]

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 [...]

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 [...]

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 [...]