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. […]
Dent-Coulson Elder Law
“On Thanksgiving Day we acknowledge our dependence” – William Jennings Bryan As 2014 comes to an end at Dent-Coulson Elder Law, we reflect on how blessed we have been to earn great results for so many amazing people this year. We take great pride in working as a team with our clients to meet their […]
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 […]
What Your Will Doesn’t Cover (and Why It Matters So Much)
It’s a commonly-held belief that if you have a will, its terms will determine how your estate will be distributed when you die. But in many cases, that’s far from true. A will only covers assets that are not the subject of their own self-contained plan for distribution. As it turns out, that covers a lot […]
4 Myths about Medicare & Medicaid Long-Term Care Coverage
Long-term care is expensive. The current cost of assisted living in the Saint Louis metropolitan area ranges from around $2,500 to over $5,000 per month, and a nursing home bed runs from approximately $4,500 to $8,500 per month. The choices you have to pay for this care are private pay (spending your life savings), long […]
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