In the last article, we looked at the general characteristics of various ways of owning real property, namely: fee simple, tenancy in common, joint tenancy with rights of survivorship, and life … [Read more...]
Real Property Basics: Medicaid, Taxes, and Probate
Understanding different ways of owning real estate is important because the way real property is titled influences Medicaid results, taxes, and probate avoidance. You may need to lockdown Medicaid, … [Read more...]
Understand Capital Gains or It’ll Cost You
Want to save a bunch of money? I’ll explain how here. But I’m warning you, the discussion can get a little dense because it involves the ‘T’ word (taxes). If you understand this topic, you’ll … [Read more...]
Surprise! Your Medicare Premiums Might Go Up.
Selling an appreciated asset or cashing-in/drawing down an IRA or an annuity are often necessary in a Medicaid context. An individual or couple looking at nursing placement may have no choice. It may … [Read more...]
NORTH CAROLINA SPECIAL ASSISTANCE
Medicaid in an Assisted Living Facility? Think again! You’ve been looking at assisted living facilities for Mom, who simply can’t be left home alone anymore and who cannot afford round the clock … [Read more...]
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