Check out this week's newsletter - click on our logo below! In this edition, find more about the following topics: Is Beastie Boy Adam Yauch's Will Invalid? Leasing Office Space at 528 College Road Can You Control Your Heirs From the Grave? IRS Gives New Tax Directions for Dual Citizens Medicare B Can Help Defray Medical Costs Give Away Your Potential Tax … read more
Articles & Publications
Living Trusts Can Help You Avoid Probate
For many people creating an estate plan, avoiding probate is a major goal. Having your assets transfer to new owners after you die without the requirement of going through probate can save your estate a lot of time and money. It can also offer you the opportunity to keep your affairs entirely private as probate documents are part of the public record and anything that goes on in a … read more
Governors Urged to Adopt Medicaid Expansion by Federal Medicaid/Medicare Chief
Following the Supreme Court's decision to uphold the Patient Protection and Affordable Care Act, several state governors have declared their intention not to adopt the Medicaid expansion as provided under the law. Because the Supreme Court's ruling essentially allowed states to opt-out of the Medicaid expansion, states have the choice to implement the expansion or not. Recently, however, … read more
Estate Planning Terms: Ademption – 3 Questions
Question 1: What is ademption? Ademption refers to when a Will leaves a specific gift to someone, but, when the time comes to distribute those gifts, the person who made the Will no longer owns that property. In this situation there is nothing for the estate to give to the named beneficiary, so the gift has failed, or adeemed. Question 2: How does ademption happen? There are two … read more
