Hi I’m Wes Coulson and this is your elder law minute. When people are deciding whether to engage in planning to protect their life savings from long term care costs, it’s easy to get fooled by average life expectancies. People will see that the average life expectancy is 79, and if they’re 82, they’ll think […]
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. […]
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 […]