Payments for the Executor

My father passed away in PA, my brother is currently the executor. He is claiming the executor fee is 10% and wants to take 10% from the inheritance.  There is no documentation.  Is this legitimate and what can the rest of us do? Unless the will spells out that he will be paid, he does…

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Medicaid Benefits Qualification Rule

Is property conveyed by a single person to a safe harbor trust subject to the five year transfer penalty for purposes of qualifying for Medicaid coverage? If so, what are the advantages of a safe harbor trust as compared to simply gifting the estate property? For a single person the act of transferring property is…

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Multigeneration Living

    The current economic downturn brings to light the obvious – the vulnerability of anyone who has not prepared to weather the financial storm. According to a recent report, Living Longer on Less: The New (In)security of Seniors, produced by The Institute on Assets and Social Policy (IASP), a research institute at the Heller…

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Importance of Power of Attorney

How can a Power of Attorney help keep you out of a nursing home? A  Power of Attorney is more powerful that you think and a document that is not given much thought. To clarify, a power of attorney is a document that you sign to name a person of your choice, who you wish to…

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Threat Over Health Care Reform

  Last Friday, someone left a threating message on my office phone because I deal with living wills, which help people make life-or-death decisions beforehand – in case they are ever put on life support. But somehow, confused people believe I am promoting the violence and confrontations at recent town hall meetings about health care…

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Health Care Bill (HR 3200) – Truth

  THE TRUTH ABOUT MANDATORY CONSULTATIONS UNDER THE PROPOSED HEALTH CARE BILL. In the name of the country, political opportunists on both sides are distorting the provisions contained in the health care Bill (HR 3200). Both sides bent on scaring consumers of their points of view into believing something that is not true.  On the Left…

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