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The #1 Problem in Powers of Attorney
In the many powers of attorney I see in my line of work, one problem recurs over and over again. And it’s costing families tens of thousands, and even hundreds of thousands, of dollars in asset protection. The number one problem is inadequate gifting provisions. If...
5 Useful Features for an Asset Protection Trust
When designing a trust to protect assets against nursing home spend-down, lawsuits, scam artists, undue influence from family or acquaintances, or other hazards, we use certain features over and over again. These features make the trust more user-friendly, allowing...
Medicaid Estate Recovery in PA: How It Works
“Estate recovery” is Pennsylvania’s program for recovering Medicaid costs from the estates of recipients who have died. For example, if Aunt Martha spent a year in a nursing home receiving Medicaid and then died owning a house worth $200,000, the estate recovery...