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Parents and other family members who want to pass on assets during their lifetimes may be tempted to gift the assets.  Although setting up an irrevocable trust lacks the simplicity of giving a [...]

The Trump administration has unveiled a plan to allow states the option to cap Medicaid spending using block grants. While this change does not directly affect nursing home residents on Medicaid [...]

Both workers and retirees may need to rethink some of their estate planning in light of the newest spending bill. The Setting Every Community Up for Retirement Enhancement (SECURE) Act, part of [...]

Revocable trusts are an effective way to avoid probate and provide for asset management in the event of incapacity. In addition, revocable trusts–sometimes called “living” trusts–are [...]

The number of older Americans with student loan debt – either theirs or someone else’s — is growing. Sadly, learning how to deal with this debt is now a fact of life for many seniors [...]

If you have it to give, you certainly can, but there may be consequences should you apply for Medicaid long-term care coverage within five years after each gift. The $15,000 figure is the amount [...]

In previous months, we’ve discussed Medicaid planning and the importance of planning ahead for the possibility of nursing home care.  But you don’t want to take planning advice from just [...]

After interrupting this two-part series on trusts to highlight Prince’s death and his lack of estate planning, this month we are going to pick up where we left off in March with further [...]

People often ask me whether they can write their own will. After all, they know who should receive their property and there must be a form for a will available on the internet. My answer to their [...]

By Linda Melancon, Attorney at Law   When you begin thinking about estate planning and which assets to leave to certain family members or friends, the china, photo albums, or expensive [...]