gift tax exemption and Medicaid

Gift Tax Exemption and Medicaid Vlog

Myths and Misconceptions Vlog #3: I Can Gift $15,000 Per Year Without Penalty While many people are familiar with the gift tax exemption, it is often mixed up with the Medicaid five-year look-back rules. Watch the video below for the full explanation by attorney Joan Reed Wilson: Previously recorded If you are having trouble viewing…

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power of attorney vs conservatorship

Power of Attorney Vs. Conservator – A True Story!

Continuing our series about conservatorship guidelines in Connecticut, it’s important to touch base on whether you have any control over who the court appoints as your conservator and will it take into consideration your power of attorney agent. So after a brief hiatus to stay safe during the pandemic, FALSE FACTS FRIDAY is back! This…

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conservatorship in Connecticut

Conservatorship In Connecticut – Basic Guidelines

What Is a Conservatorship? Conservatorship in Connecticut means that the Court appoints a person or organization to manage the life of another adult. There are Voluntary and Involuntary conservatorships. We will discuss Voluntary Conservatorships in a subsequent article. This article discusses Involuntary Conservatorship. In an Involuntary Conservatorship, the adult being conserved has to be deemed…

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Veterans Benefits Eligibility

Veterans Benefits Eligibility – Has Anything Changed In 2020?

On January 23, 2015, the Department of Veteran Affairs proposed a Veteran’s Benefits Eligibility Rule Change – RIN 2900-AO73, Net Worth, Asset Transfers, and Income Exclusions for Needs-Based Benefits, a rule that would, among other things, impose a 3-year look back for transfers of assets, including gifts to persons, trusts or purchases of annuities, deny…

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