by Christine | Aug 28, 2013 | Uncategorized |
"Fighting over personal property is the match to the tinderbox of emotions," says McManus. "Sometimes feuds start because of lingering resentments over who worked the hardest to take care of Mom or Dad when they were sick or even over who got...
by Christine | Aug 27, 2013 | Elder Care, Elder Law, Medi-Cal Long Term Care, Medicaid, Nursing Home |
These days, patients are often transferred from a hospital to a nursing home to recover. But, then, some never leave. "The only thing I worried about was not getting out," Holmes says now. She kept asking her husband and one daughter: "'You're...
by Christine | Aug 26, 2013 | Asset Protection, Divorce, Marriage, Postnuptial Agreement, Prenuptial Agreement |
Under federal pension law, there are many very strict legal requirements that must be met when a spouse tries to waive his or her rights to the other spouse’s retirement benefits. In this case, those rules weren’t met because the post-nuptial agreement was drafted...
by Christine | Aug 23, 2013 | Estate Planning, GRATs, Trusts |
Clients with swiftly appreciating assets can transfer these assets and escape both gift and estate taxation on almost all of the appreciation using a combination GRAT-life insurance strategy in connection with the steep gift tax valuation discount available today....
by Christine | Aug 22, 2013 | Estate Planning, GRATs, Qualified Personal Residence Trust (QPRT), Trusts |
This type of trust allows a person to still live in a home for the term of the trust, deduct mortgage interest and real estate taxes, and then when the term of the trust expires, the home passes to the heirs and out of the owner's estate. The owners can retain the...
