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...

The Tzava’ah: Your Personal Legacy Document

Your Estate is Planned. You did the responsible thing. You engaged a professional to draft an Estate Plan. The documents are signed, sealed and notarized. You feel at peace that your family is cared for, your assets are assigned, and your estate will be peaceably...

Estate Tax Planning During Coronavirus

The Coronavirus has not only overwhelmed us with health concerns, it also has had significant economic ramifications, as indicated particularly by the decline of the stock market. Though many are preoccupied with fears relating to the short-term effects on their...