Feb 1, 2020 | Estate Administration
What tax returns need to be filed after someone dies? In Pennsylvania, here are the main tax returns to consider: Personal Income Tax (1040) By April 15 of the year after death, file the deceased’s final income tax return (Form 1040). If the deceased was married, it...
Mar 11, 2019 | Estate Planning, Medicaid Planning
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...
May 18, 2018 | Estate Planning
If you need some clarity on what exactly a “durable power of attorney” is, and why it’s important to have one, watch the short video below. Here I give you my thoughts on what can happen if you don’t have power of attorney, and why it makes...
Sep 13, 2017 | Medicaid Planning
Readers of our blog have heard of the many ways assets can be protected for the spouse of a nursing home resident when applying for Medicaid benefits. What about someone who is widowed or never married? Without a spouse to give assets to under the spousal protection...