Estate Administration Tales – Part 5
In my blog post last week, I told you about the last piece of information that Daughter provided me. There was an account in Dad’s name that she said was not really his. That’s because he was...
View ArticleEstate Administration Tales – Part 4
In my blog post this week I continue to tell you about a call we received concerning a dad who died without a will leaving a surviving spouse and 3 daughters from two marriages. I explained in...
View ArticleEstate Administration Tales – Part 3
In my blog post last week, I was telling you about a call we received from Daughter concerning estate administration for her dad who died without a will. Her mom was the surviving spouse but her dad...
View ArticleEstate Administration Tales – Part 2
In my blog post last week, I explained that we often get calls from family members of a loved one after they pass away in which the family explains what the decedent (person who died) wanted with...
View ArticleEstate Administration Tales – Part 1
When we get calls to our office about the passing of a family member, more often than not the decedent (person who died) did not leave any written instructions as to how to distribute their assets and...
View ArticleOBBBA and Medicaid
Last year I wrote in this blog about the One Big Beautiful Bill Act (OBBBA) which Congress passed and the President signed into law last year. OBBBA contains some changes to Medicaid, although they...
View ArticleWhen Both Spouses Need Care – Part 3
In my past 2 blog posts I was explaining that when both spouses need long term care the common thought is to spend down all the assets for both of them first and then apply for Medicaid for both at...
View ArticleWhen Both Spouses Need Care – Part 2
In my blog post last week, I wrote that in cases where both spouses need long term care, spending down the assets and then applying for Medicaid for both of them at the same time may not be the best...
View ArticleWhen Both Spouses Need Care – Part 1
In some of my past blog posts, I have often presented scenarios in which one spouse needs long term care but the other one does not. When we do long term care planning before any care is needed, we...
View ArticleA Cautionary Tale about CCRCs – Part 2
In my blog post last week I was explaining about CCRCs. Continuing care retirement communities provide a continuum of care. The idea is that you make one decision to move to a CCRC and as your...
View ArticleA Cautionary Tale about CCRCs – Part 1
We received a call last week from Mary, whose dad had been in a CCRC but had since moved out. CCRC is shorthand for continuing care retirement community. The idea of a CCRC is that a family only...
View ArticleAI Created Estate and Long Term Care Plans – Part 3
In my blog post for this week, I continue a discussion of AI and its impact on estate and long term care planning. This week I focus on the guidance that we provide to clients. Can AI replace the day...
View ArticleAI Created Estate and Long Term Care Plans – Part 2
In my blog post last week I asked the question whether an AI created and driven estate or long term care plan can work. More specifically, what place do I see it having when it comes to addressing...
View ArticleAI Created Estate and Long Term Care Plans – Part 1
Since the early days of the internet, many callers to our office have reached out to us after having done some research on the internet. There is a lot you can find on the internet about any topic,...
View ArticleHow Death Taxes Get Paid – Part 3
I ended last week’s blog post with a hypothetical estate left by John Doe. John died with an estate totaling $2,500,000. Because he had no spouse or children, he left his estate to nieces, nephews...
View ArticleHow Death Taxes Get Paid – Part 2
In this week’s blog post I continue discussing death taxes and how they get paid. Last week I explained how estate taxes and inheritance taxes are calculated. In each case the assets subject to the...
View ArticleHow Death Taxes Get Paid – Part 1
In this week’s blog post, I address death taxes – the taxes owed as a result of one’s passing – but more specifically how to pay them. It is not always as straightforward as one might think. First,...
View ArticleMedicaid Redeterminations Revisited – Part 3
In my blog post last week about Medicaid redeterminations, I wrote about the reasons why Medicaid conducts annual redeterminations. Recent changes in the written application, however, has caused some...
View ArticleMedicaid Redeterminations Revisited – Part 2
In my blog post last week, I wrote about changes in Medicaid’s redetermination process, especially in the last 6 to 7 years. More recently, in the last 6 to 7 months, Medicaid has changed the...
View ArticleMedicaid Redeterminations Revisited – Part 1
There are many misconceptions about Medicaid and the application process. One of them is that after Medicaid is approved, ”we are home free”, so to speak, meaning no more worries about the...
View Article
![[-100%] Commodity Intelligence – (Android Apps)](http://play-lh.googleusercontent.com/j67-qJvmnn4xnVlYVZ9ZhtZUJIgwjKekJGoKQT6D1KHcWGZxtQaFroummEvwV17na7tyh1pGbbeWCRdWtTKqeg=w950-h950)