Estate Planning

Find out about wills, trusts, living trusts, medical insurance and other aspects of estate planning for the elderly.

Articles About Estate Planning

An Overview of Estate Taxes
As heir to an estate you are responsible for paying federal estate taxes. However, for 2011 and 2012 the exemption on estate taxes was raised.
How Does Living in Assisted Living or Nursing Home Affect Taxes?
If an elder lives in a senior living facility, taxes are only affected if they have given up ownership rights to their home.
What is a Trust?
Details for caregivers on trusts, including definition of a trust, types of trusts and how to set up a trust.
10 Things You Should Know About Your Parent's Finances
Would you know what to do if you suddenly had to take over managing money and paying bills for your parents? Here are 10 things you need to know before you take over.

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Q&A with the Experts on Estate Planning

When mom dies, how I can avoid her estate going into probate?
Your mother's estate may not be subject to will or probate. You can do whatever you want once the estate has been administrated.
Can mom gift money to her grandkids so Medicare won't take it to pay for her nursing home?
This is a difficult dilemma, and one that many families are facing. The dilemma can often be avoided or mitigated with advance planning, but that doesn’t help in your case.

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