Do Miller Trusts have to File Income Tax Returns?
Question: Does a Miller trust need to file an income tax return in Delaware? The trust is funded by a pension and Social Security. The funds go into the trust and are taken out by the nursing [...]
Can Property in a Medicaid-Planning Trust Get a Step-Up in Basis Upon the Grantor’s Death?
Question: Is there a way to create a grantor “irrevocable trust” that allows the beneficiaries to receive a step-up in basis of a home at death? If so, can this be considered a gift [...]
Are Tax Planning Trusts Protected for Medicaid Purposes?
Question: If a spouse passes away and has an ABC trust structure (marital trust, bypass trust, QTIP trust) and each of these trusts are funded for the benefit of the surviving spouse, are any of [...]
Will Discretionary Trust Without HEMS Standard Affect Brother’s Eligibility for Medicaid?
Question: I am trustee for a trust that my parents set up for my brother. The trust gives me total discretion as to when and how much to distribute to him without a HEMS standard. There is no [...]