Redo Your Estate Plan Before You Remarry
If you are getting remarried, you obviously want to celebrate, but it is also important to focus on less exciting matters like redoing your …
New Washington State Law Treats Domestic Partners As Married Couples for Purposes of Estate Recovery
On March 12, 2008, Washington State Governor Christine Gregoire signed into law House Bill 3104, extending 170 legal rights and responsibilities to couples in …
Married Couples for Purposes of Estate Recovery
On March 12, 2008, Washington State Governor Christine Gregoire signed into law House Bill 3104, extending 170 legal rights and responsibilities to couples in …
Ohio Appeals Court Determines That Resources in Trust Are Countable
An Ohio appeals court rules that assets held in an irrevocable trust are available to a Medicaid applicant because the trustee has the discretion …
Protecting Your House After You Move Into a Nursing Home
While you generally do not have to sell your home in order to qualify for Medicaid coverage of nursing home care, it is possible …
Genworth: LTC Costs Continue To Rise
The average annual price of a private U.S. nursing home room has increased to $76,460 this year, up 2% from the 2007 average. Researchers …
Senate Chooses Middle Road on Estate Taxes
Members of the Senate indicated that they want to reduce estate taxes without eliminating estate taxes. Senators delivered that message through votes on a …
Gross Valuation Misstatement Penalties Can Apply to Estate and Gift Appraisals
In a recent legal memorandum, the IRS stated that it can assess, under IRC Sec. 6695A, a gross valuation misstatement penalty against an appraiser …
New Tax Break Helps Surviving Spouses
Widows and widowers who don’t want to sell their house right away will get a tax break under a new law. The law gives …