In this Elder Law Minute, Wes Coulson, Illinois and Missouri Elder Law attorney, discusses what happens if your loved one has made gifts within the look-back period of applying for Medicaid or VA Benefits. ? Gifts Within the Look-Back Period: Consequences and Strategies Transcript: Hi, this is Wes Coulson from Dent-Coulson Elder Law, with offices in […]
Are Birthday And Holiday Gifts Included In The Medicaid 5-Year Look Back?
If you’ve looked into Medicaid eligibility at all, you are probably aware there is something called a look-back period, which basically says that gifts and other transfers of assets for less than fair-market value that are made within five years before someone applies for Medicaid will cause a transfer penalty, which can cause a delay […]
Common Estate Planning Mistake #15: Using the wrong assets to fund charitable gifts and bequests
Making charitable gifts or bequests to religious or other non-profit organizations is a generous gesture and an excellent way of making a difference. But, there can be a right way to do it and a not so right way to do it, in terms of getting the most of your donation while still preserving your assets. In this […]