明星黑料

My wife and I recently executed a Revocable Trust and re-titled our home and some bank accounts into the name of the trust, thinking that we had taken the first steps toward protecting our assets should one or both of us need Nursing Home care in the future. I just heard from a friend of mine that a Revocable Trust does not protect my assets and that what I should have considered was an Irrevocable Medicaid Trust, could you explain the difference?

I was recently named as an agent on my mother鈥檚 Durable Power of Attorney which included a 鈥渟tatutory gift rider.鈥� What is this document and what responsibilities will I have?

I am listed as power of attorney on my mom鈥檚 bank account. Will I be able to access this money after she dies to pay for the funeral?

Nancy Burner, Esq., founder and managing partner of Nancy Burner & Associates, P.C., was selected by the Event Committee of Ride for Life to be recognized in the Business Category at the 19th Annual Honoree Recognition Benefit on March 15, 2016 held at Villa Lombardi鈥檚 in Holbrook.

Community Medicaid and Nursing Home (Chronic) Medicaid are two different programs that cover long term care. Community Medicaid will not pay for long term care in a nursing home. Community Medicaid is the program that covers care at home; such has a home health care aide.

I recently executed my will and other estate planning documents. I want to keep it in a secure location; however I am concerned that I may store it in a place where my executor cannot find it. What happens if the executor cannot find my will when I pass away?

I am unmarried and have no children. My parents are deceased and I have one sibling, a sister. I currently have no will. Who would inherit from my estate if I died without a will?

My mother has just been diagnosed with Dementia. It is in the early stages and she is still very lucid, can she still sign a Power of Attorney?

The typical Medicaid trust is a grantor trust for income and estate tax purposes. The grantor trust rules came about after high earners tried to lower their income tax consequence by scattering their income to various trusts over which they maintained control.

The grantor trust rules came about after high earners tried to lower their income tax consequence by scattering their income to various trusts over which they maintained control. By spreading their income out, the earners were subject to the lower tax brackets.