Revocable Gift Trust

A Revocable Gift Trust is a particular type of revocable trust for educational or other specified purposes, often established for grandchildren or other close family members. This type of trust allows you, as the maker of the trust, to make gifts that are revocable...

Medicaid Rules for Long Term Care

When it was first created in 1965, Medicaid would only pay for nursing home care for recipients over the age of 65. But allowances were made in the legislation for exceptions or “waivers” to the nursing home coverage. In recent years, many states have...

Beyond the Living Trust

Living trusts continue to enjoy unprecedented popularity for a variety of reasons, particularly probate avoidance and increased control during incapacity and death. Many people fail to appreciate, however, that for those with taxable estates (over $2,000,000 this year...