Question: Is the trustee fee I received income that I can use to calculate my IRA contribution in the same year? Response: Yes, it is earned income that must be reported on your tax return and, [...]

Question: A Trust Schedule A of Assets included an IRA and Roth account with beneficiary designations. The grantor died (of Covid) before titling all assets to the trust. The trustee petitioned [...]

Question: If I need to go to a nursing home on Medicaid, will my wife’s IRA be counted as an asset in determining my eligibility? Response: That depends on your state. Some states treat [...]

Question: In your blog post “How the Community Spouse Can Keep More Assets?” you outline an example wherein husband John’s Alzheimer’s has progressed to a point that his wife, Joyce, [...]

Question: I would like to enter a continuing care retirement village, currently for independent living but with access to assisted living and skilled care as needed. The down payment is $55,000. [...]