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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

Tag Archives for: "annuity"
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 How Can I Reduce Taxes on Variable Annuity Distributions?
0
By Harry Margolis
In Retirement Plans
Posted February 25, 2022

How Can I Reduce Taxes on Variable Annuity Distributions?

Question: I own a variable annuity with large gains in the account. My understanding is that when I die my spouse can become the owner without incurring any income taxes due (no estate tax will [...]

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 How Can I Protect IRA from Medicaid Spend Down if I Go to a Nursing Home?
0
By Harry Margolis
In Long-Term Care Planning
Posted August 26, 2019

How Can I Protect IRA from Medicaid Spend Down if I Go to a Nursing Home?

Question: I am 72 years old and in fair to poor health. My wife is 70 and in good health. We have two children—42 and 40. We own our home mortgage-free and have several thousand dollars in mutual [...]

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0
By Harry Margolis
In Revocable Trusts
Posted February 16, 2018

Did Mother’s Assignment of All Property to her Trust Include her Annuity?

Question: Hi. Settlor’s (mother) assets were funded into into family trust. Her annuity was the only asset NOT funded into the trust. In 2014, a Certification of Trust was implemented for [...]

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 How the Community Spouse Can Keep More Assets
6
By Harry Margolis
In Long-Term Care Planning
Posted August 18, 2017

How the Community Spouse Can Keep More Assets

Under rules described here, if the spouse of a nursing home resident (the “community” spouse) has income below an amount determined by the state Medicaid agency to be the minimum he [...]

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 Medicaid and Trusts Used to Protect Homes
0
By Harry Margolis
In Asset Protection, Long-Term Care Planning
Posted June 9, 2017

Medicaid and Trusts Used to Protect Homes

Trusts are often used in Medicaid planning to shelter assets without completely giving them away, most often to protect homes, so that the owner can live in the house with knowledge that it will [...]

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  • Asset Protection (34)
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  • Estate and Gift Taxes (56)
  • Guardianship and Conservatorship (5)
  • Health Care Directives (13)
  • Irrevocable Trusts (52)
  • Long-Term Care Planning (173)
  • Non-Traditional Families (16)
  • Non-US Citizens (27)
  • Pets (4)
  • Practical Matters (15)
  • Probate (38)
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  • Social Security (18)
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  • Wills (50)
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