What happens if I don’t fund my Qualified Income Trust?

1 month ago
David McGuffey

Qualified Income Trusts (also known as Miller Trusts or a QIT) are necessary when the Medicaid applicant has more gross…

Changes in How Trusts are Taxed

1 month ago

Trusts, like everyone else, pay taxes when they earn income or sell capital assets for a profit. The tax liability,…

What is a Medicaid Asset Protection Trust?

2 months ago

People often visit us and ask about using a trust to protect assets in the event they go to a…

QLACS Update

2 months ago

Last year we wrote about qualified longevity annuity contracts, sometimes referred to as QLACs. On July 19, 2024, the IRS…

Trusts and Medicaid: Protecting Assets

5 months ago

People regularly ask us whether they should use a trust to protect assets in case they go to a nursing…

Elle

9 months ago

We haven't posted much lately because we've been busier than a one-armed paper-hanger, but we did want to let our…

Estate Planning Advice from Warren Buffett

1 year ago

The following video clips are from Berkshire Hathaway Annual Meetings where Warren Buffett fielded questions regarding estate planning: 2013 Annual…

New Video on Medicaid Eligibility

1 year ago

On September 17, 2023, David L. McGuffey recorded a video for ezelderlaw.com regarding Financial Eligibility for Georgia Medicaid in 2023.…

Protecting the Community Spouse: Income and Resource Allowances

1 year ago

When a married individual applies for Medicaid, the law protects the healthier spouse (known as the Community Spouse) if he…

Can You Retire?

1 year ago

From time to time, I read "ruminations" published by David E. Hultstrom. Along with Anitha Rao, David is the co-founder…