Make Sure Your Beneficiary Designations Match Your Estate Plan

Many types of property and investments pass outside of probate and allow you to designate who will receive them after your death. It is important that these designations are kept up to date and are consistent with the rest of your estate plan.  When you open up...

How Your IRA Can Benefit Both Your Heirs and Charity

Do you want to use your IRA to help a charity, but also benefit your heirs? Instead of leaving your IRA directly to your children, you can leave it to a charitable remainder unitrust (CRUT) while still benefiting your children. With the SECURE Act...

Transferring Assets to Qualify for Medicaid

Transferring assets to qualify for Medicaid can make you ineligible for benefits for a period of time. Before making any transfers, you need to be aware of the consequences.  Congress has established a period of ineligibility for Medicaid for those who transfer...

Tax Consequences of Elder Abuse

While many have bemoaned the reality that a Power of Attorney (“POA”) can be misconstrued as a grant of authority to steal, the potential tax consequences of such a scenario have been largely neglected. In a recent case, Nice v. United States, it was determined that...