To Transfer or Not to Transfer: Congress Failed to Stiffen Penalties for Medicaid Estate Planning, but Should the Practice Continue Over the last twenty years, Medicaid eligibility rules have become increasingly restrictive.'In 1996, the Health Insurance Portability and Accountability A... JM Broderick...
What are the benefits of using a TOD arrangement for real estate transfer? TOD arrangements facilitate a direct transfer of property to chosen heirs without the need for probate, which can be time-consuming and expensive. Property owners retain control and ownership during their lifetime and can...
If a named beneficiary becomes disabled prior to the death of the owner, a disabled beneficiary could be knocked off of public benefits, such as SSI and Medicaid. A well-drafted trust will eliminate this possibility. A person may try to establish a TOD deed without consu...
a revocable trust is not necessarily permanent and can be revoked or amended. However, a revocable trust does not have all of the same tax or other benefits of an irrevocable trust. An irrevocable trust is more difficult to