In this Elder Law Minute, Wes Coulson explains the misunderstanding surrounding gift tax to family members in estate planning. Please Note: The estate and gift tax exemption is up to $11.7 million per person and $23.4 million per married couple, not $14 million as stated in the video. We apologize for this mistake, and are […]
“We aren’t interested in inheriting anything, we just want to make sure Mom is well-cared for”
In this Elder Law Minute, Wes Coulson, Illinois and Missouri Elder Law attorney, discusses how people can set money aside to be able to assure that their loved one is going to receive the best quality of care throughout the rest of their life through Asset Preservation Planning. ? Asset Preservation Planning “We aren’t interested in inheriting […]
Does Someone With Long-Term Care Insurance Need An Asset Preservation Plan?
In this Elder Law Minute, Wes Coulson, Southern Illinois Elder Law attorney, explains why people with long-term care insurance will still benefit from having an asset preservation plan in place to help protect their life savings from the potentially devastating high costs of long-term care. Does Someone With Long-Term Care Insurance Need An Asset Preservation Plan? […]
Are We Old Enough to Need to Worry About Long-Term Care Costs?
In this Elder Law Minute, Wes Coulson, Southern Illinois Elder Law attorney, discusses long-term care costs and at what age someone should consider asset preservation planning to protect their life savings from these potentially devastating costs. ? Are We Old Enough to Need to Worry About Long-Term Care Costs? Transcript: Hi, I’m Wes Coulson and this […]
Does Gift Tax Affect Me?
One of the cornerstones of asset preservation planning is getting assets out of your name and out of harms way, which often leads to the question, “Will I have to pay gift tax?” This is a valid question. As part of the planning, assets may be moved into a trust, which is a great way […]