Hi, I’m Wes Coulson and this is your Estate Planning and Elder Law Minute. One of the great myths about Powers of attorney is that the only real question is whether you have one or not. Truth of the matter is, not all financial powers of attorney are created equal. They give the authority […]
Do Gift Recipients Have to Pay Taxes?
Do Gift Recipients have to Pay Taxes? Do Gift Recipients Have to Pay Taxes? Transcript: Hi this is Wes Coulson and this is your estate planning and elder law minute. One of the questions that we get frequently relates to whether there are taxes on gifts. Quick answer is, that 99% of the time, no. […]
Who Should File my Medicaid Application?
Hi, I’m Wes Coulson and this is your elder law minute One of the questions I’m asked a lot, whether you really need to have a lawyer help you with the Medicaid application, or whether you can just have a social worker or care facility representative help you with it. You might think, being a […]
Save Income Tax by Donating Appreciated Assets
Saving Income Tax by Donating assets Hi I’m Wes Coulson, and this is your estate planning minute. Since we’re at the end of the year, I want to pass along a handy end of the year income tax planning tip for you. A lot of people make contributions toward the end of […]
What’s the Difference Between Estate Planning and Asset Preservation Planning?
In this Elder Law Minute, Wes Coulson, Illinois and Missouri Elder Law attorney, discusses the difference between estate planning and asset preservation planning. What’s the Difference Between Estate Planning and Asset Preservation Planning? Transcript: Hi, I’m Wes Coulson, and this is your Estate Planning and Elder Law Minute. People see the reference on our website […]
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