Estate Planning

Just as we create estate plans for our eventual demise, we also need to plan ahead for the possibility that we will become sick and unable to make our own medical decisions. ...

Elderlaw 101

There are some serious drawbacks to many options for giving gifts to grandchildren. Either there are no tax or estate planning advantages, or you have no control of the funds (or lose control after a certain point), or the money...

Elderlaw 101

Gifting assets to your grandchildren can do more than help your descendants get a good start in life; it can also reduce the size of your estate and the tax that will be due upon your death.

Elderlaw 101

For most people, the durable power of attorney is the most important estate planning instrument available -- even more useful than a will. ...

Elderlaw 101

Estate administration is the process of managing and distributing a person’s property (the “estate”) after death.

Elderlaw 101

Inheriting an IRA may seem like a good thing, but there can be tax consequences if you aren't careful.

There are a number of different kinds of trusts, but they fall into two basic categories: testamentary and inter vivos.

Medicaid 101

A trust is a legal arrangement through which one person (or an institution, such as a bank or law firm), called a "trustee," holds legal title to property for another person, called a "beneficiary." There are many benefits to creating...

Elderlaw 101

How much is an inherited item worth if it can never be sold?  The children of a famous New York art dealer didn't think they had to pay any tax on a ground-breaking work by Robert Rauschenberg.  ...