There are a lot of reasons you may want some or all of your retirement plan assets to go into trust for the benefit of your heirs, including: Estate tax planning. In a second (or subsequent) [...]

Question: My daughter Ashley, who is 27 years old, is getting married next August. She inherited about $100,000 from my mother when she passed away. Ashley is thinking of getting a prenup but, of [...]

Since the federal and state governments don’t want you to give away all your assets today and then ask for Medicaid coverage of your nursing home care the next day, most transfers are [...]

A prospective client called to ask whether his son who is engaged to be married could protect his assets in the event of divorce. Apparently, a prenuptial agreement is out of the question. I [...]

If you inherit an IRA or other retirement plan (401(k) or 403(b)), the rules on when you have to take your required minimum distributions can be complicated unless you are the spouse of the [...]

Of course, decisions about marriage are based more on feelings of love and need for companionship and security than on legal and financial concerns. But marriage has legal and financial [...]

As explained in this post about qualifying for Medicaid coverage of your nursing home care, you’re limited to $2,155 in countable assets (as of 2021 in most states) and your spouse is [...]

If you’re getting married or you’re in a committed relationship and this is not your first gig, you and your fiance or partner should consider a prenuptial agreement or, if you’re not [...]

The basic Medicaid rule for nursing home residents is that they must pay all of their income, minus certain deductions, to the nursing home. Medicaid pays nursing home costs that exceed the [...]

So, what’s a QTIP trust? “QTIP” stands for qualified terminable interest property, total legal gobbeldygook, right? So forget the words. What it means is a trust that you leave [...]