Elder law is the legal specialty that is devoted to matters that directly impact senior citizens. The information that you would receive when you consult with an elder law attorney will be invaluable, because there are some profound eventualities that elders are facing at the present time. Long-term care is at the top of the list of elder law concerns. The majority of senior citizens will someday need living assistance, and Medicare does not pay for long-term care. If you had to pay … [Read more...] about Elder Law FAQs: Does the Nursing Home Get Half of My Assets?
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What Is the Unlimited Marital Estate Tax Deduction
What Is the Unlimited Marital Estate Tax Deduction from Michael Robinson The federal estate tax credit or exclusion is $5.43 million in 2015. You can transfer up to $5.43 million tax-free, but further transfers are potentially subject to the estate tax. The top rate of the tax is 40 percent. Learn more about what is the unlimited marital estate tax deduction in this presentation. … [Read more...] about What Is the Unlimited Marital Estate Tax Deduction
How Do I Fund My Revocable Living Trust?
A revocable living trust is an estate planning document that is a good choice for many people who want to facilitate efficient asset transfers without losing control of the property while they are living. As you can see from the name of the trust, you have the power of revocation. If you ever choose to do so, you can revoke or dissolve the trust, and the assets in the trust would once again be in your direct personal possession. Beyond the power of revocation, you also have the day-to-day … [Read more...] about How Do I Fund My Revocable Living Trust?
Dreams of the Dying
A Rochester elder law attorney provides advice and assistance to people who want to plan ahead for end of life issues. When you are still in good health, you need to think about what could happen if you got sick or badly hurt. Would you want to receive extraordinary medical care? Would you want your life saved if you had no quality of life? Would you want medical treatments to prolong your life if you had a terminal illness and were in pain? These are just some of many questions which need … [Read more...] about Dreams of the Dying
Is There a Medicaid Asset Limit
Is There a Medicaid Asset Limit from Michael Robinson According to a government agency, 70 percent of senior citizens will someday need long-term care. Since people will need care, so this is an issue that is relevant to all of us. Learn more about is there a medicaid asset limit in this presentation. … [Read more...] about Is There a Medicaid Asset Limit
