People regularly ask us whether they should use a trust to protect assets n case they go to a nursing home. The answer is, … maybe. If your crystal ball can predict the future, then we can answer that question with certainty (our crystal ball doesn’t work). Medicaid has rules that apply to any trust […]
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In Polselli v. IRS (5/18/2023), after a revenue agent decided Remo Polselli was underpaying his taxes, the IRS issued a summons for Polselli’s bank records. One summons went to Wells Fargo requesting his wife’s records and records of his company. The IRS did not provide Polselli with notice of the summones, but his banks did. […]
