As with anything in life, our individual preferences and circumstances will vary. Some may want to ‘age in place,’ while others may need to consider other housing options.
06/22/23 • by: The Law Office of John A. Laine, P.C.
There is a popular misperception among many seniors that in order to protect their assets from creditors, including the cost of nursing home care, they should consider gifting their assets to their children.
06/22/23 • by: The Law Office of John A. Laine, P.C.
Your digital life includes dozens of usernames and passwords. Providing a digital estate plan can help your family deal with your accounts with minimal fuss.
06/15/23 • by: The Law Office of John A. Laine, P.C.
Studies suggest that millennials will inherit an astounding $68 trillion in the coming years, making them the wealthiest generation in history. While this may be great news for some, it also comes with significant tax implications.
06/09/23 • by: The Law Office of John A. Laine, P.C.
The IRS has confirmed its view that when assets are gifted to an irrevocable grantor trust and not included in the grantor’s estate, the trust assets will not receive a step-up in basis at the death of the grantor.
06/02/23 • by: The Law Office of John A. Laine, P.C.
When you purchase and own a home, your name is on the title to the property, indicating ownership. However, you can transfer ownership of your residence to another person or entity in the form of a real estate trust.
06/02/23 • by: The Law Office of John A. Laine, P.C.
First, debts in a person’s estate are payable from the decedent’s assets in the course of administering their probate estate or administering their living trust estate.
05/25/23 • by: The Law Office of John A. Laine, P.C.
