Who can help with the sale of my house from my Trust?

When advising clients regarding Medicaid asset protection planning, it is common to recommend the transfer of their residence (and other properties they may own) to a Medicaid Asset Protection Trust (“MAPT”). After five years, the trust assets would not be considered an available resource for purposes of determining Medicaid eligibility. One of the most frequently… Read More »

Join Us For An Upcoming Seminar A Matter of Trust – How to Protect Your Home and Avoid Probate™ 

Join Us For An Upcoming Seminar  A Matter of Trust – How to Protect Your Home and Avoid Probate™ During this educational seminar we will address: – The Methods Used to Avoid Probate – How a Trust Can Protect Your Home When to Use an Irrevocable Trust Versus a Revocable Trust Tuesday, November 13, 2018 12:00-1:30 pm Alitalia Pizzeria… Read More »

Can I Revoke My Irrevocable Trust?

When it comes to protecting your assets from the costs of a long-term illness, such as a nursing home, the Medicaid Asset Protection Trust is a staple planning technique.  It is an effective way to protect your home (and other property) as well as certain liquid assets in the event you require long-term nursing home… Read More »

Four Steps to Help Avoid Intra-Family Conflict After Passing

Relationships are complicated.  Familial relationships can be more so complicated than any other relationship.  Conflicts can arise between spouses, siblings, generations, and in-laws.  Intra-family conflicts can occur where a family member is favored over others or is perceived to be favored over others.  A conflict can also occur where a family member who is named… Read More »

WHAT IS MY TRUST IDENTIFICATION NUMBER AND WHY WOULD I NEED AN EMPLOYER IDENTIFICATION NUMBER (EIN) FOR MY TRUST?

A trust identification number is a number that identifies a trust, like any other legal entity, for tax purposes.   You need a trust identification number in order to put assets into your trust.  Your trust identification number will always be either 1) the Grantor’s Social Security Number, or 2) a number issued by the IRS,… Read More »