Category Archive: Protecting Assets from Nursing Homes
- May. 8 2013
Asset Protection Planning to Change under New Estate Planning Legislation in Wisconsin
Our estate planning lawyers warn that legislation pending in Wisconsin as part of the Wisconsin Budget Bill will affect medical assistance (nursing home and family care) planning and related programs. This legislation, if enacted, will change when and how the … Read more
- Aug. 23 2011
Estate Tax Exemption and Spousal Portability
On December 17, 2010, President Obama signed the Tax Relief, Unemployment Insurance Reauthorization, and Job Creation Act of 2010 (for this article we will refer to this Act as the “New Estate Tax Law”), which made some key changes to … Read more
- Aug. 10 2011
Important Considerations for Irrevocable Income Only Trusts
This post is the second in a two part series covering the financial advantages of Irrevocable Income Only Trusts. Part One covered Using Trusts to Protect Assets from Nursing Homes. Irrevocable Income Only Trusts must be very carefully and specifically … Read more
- Jul. 27 2011
Using Trusts to Protect Assets from Nursing Homes
This post is the first in a two part series covering the financial advantages of Irrevocable Income Only Trusts. Part Two covers Important Considerations for Irrevocable Income Only Trusts At Wokwicz Law Offices, we routinely meet with our clients to … Read more
- Jan. 20 2011
Estate Tax Alert – January 2011
As 2011 progresses, we have received clarification from the federal government on the applicability of the new estate tax law for deaths occurring during the year 2010, and new estate tax law for deaths occurring in 2011 and 2012. The … Read more
- Dec. 8 2010
Estate Tax Alert
As we write this, the clock keeps ticking on the Federal Estate Tax. Will Congress and the President retroactively reinstate the estate tax for 2010? It appears that this could be the case based upon recent developments from Washington D.C. … Read more