Giving to Charitable Trusts
The special “qualified charitable distribution” provision ran out at the end of 2009.
The special “qualified charitable distribution” provision ran out at the end of 2009.
Transfers/gifts, to children or other family members, of the business, could, years later, result in extended periods without any long-term care coverage of any kind.
The benefits of placing assets into a Charitable Remainder Trust
Whether paid directly to a disabled person, or into an ordinary trust, most gifts and inheritances and accident, workers compensation, divorce, and other litigation recoveries jeopardize government aid and even may have to repay prior benefits.
If you have a variable life insurance policy, you may want to read more about them.
The tax on all estates of $1 million or more, could go as high as the 55 percent top rate.
Here’s the Top Four Estate and Medicaid Planning Myths.