The third giving option in this series is Donor Advised Funds. A donor advised fund is an investment account established through a reputable investment advisor. You can donate cash, stocks, real estate or other assets and receive an immediate charitable tax deduction. However, the gift grows in the account until you designate what IRS-qualified charity […]
Donor Advised Funds Read More »
With the passing of April 15th, and the beautiful weather finally rolling in, I am suddenly motivated to do some spring cleaning. Now, if you know me, you know how rare it is for me to be motivated to actually clean. But, I have found that this time of year is an excellent time not
Spring Cleaning for your Loved Ones Read More »
I deal with a lot of property issues in my practice. They come up in all sorts of matters from family law, to guardianships, to trust and business matters. Issues of ownership are fundamental in our lives. Just think about it: whether you lease your home, own it outright, or own it subject to a
Property Ownership: It Affects Us Every Day! Read More »
Sometimes I think “probate” is a four letter word. Many people are more concerned about avoiding probate than avoiding the IRS. Yet, many people do not understand what probate is. Probate is the court-supervised process of transferring assets from one generation to the next. Under strict laws and deadlines, a judge requires the executor to
“Probate” is not a Four Letter Word Read More »
When applying for Medicaid, the government will presume that any transfers you made for less than fair market value in the last five years was done with the specific intent to qualify for Medicaid. Even if that was not your intention, Medicaid will treat the transfer as a gift. Under Medicaid rules, amounts gifted are
Start Tracking Now to Avoid Penalty Later Read More »
When applying for Medicaid, the government will presume that any transfers you made for less than fair market value in the last five years was done with the specific intent to qualify for Medicaid. Even if that was not your intention, Medicaid will treat the transfer as a gift. Under Medicaid rules, amounts gifted are
Annuities May Create Too Much Income Read More »
