Trusts for the average person
Subtitle: the optimum estate plan : a practical guide to avoiding probate, nursing-home costs and estate taxes
By: Edward D. Beasley, David H. Ferber, Gregory B. Gagne
Contributors: Ferber, David H.; Gagne, Gregory B.; Affinity Investment Group, LLC (Exeter, N.H.); Beasley & Ferber, PA (Concord, N.H.)
Publisher: Beasley & Ferber, PA; Affinity Investment Group, LLC
Published: 2008
Place of publication: Concord, N.H; Exeter, N.H
Language: eng
Number of pages: 108
ISBN-13: 9780978984519
Subjects: Estate planning; Trusts and trustees
Table of contents: title: About the authors; title: Introduction; title: Chapter 1: The genesis of the optimum estate plan; title: Chapter 2: Wills and revocable trusts; title: The last will and testament; title: The revocable trust as a will substitute; title: The revocable trust; title: minimize estate taxes for married couples; title: Special nursing home issues; title: Chapter 3: Durable financial powers of attorney; title: Chapter 4: Advance directives: Living wills and medical powers of attorney; title: Chapter 5: The Medicaid rules in general; title: The difference between Medicare and Medicaid; title: Three ways of paying for nursing homes; title: Long-term care insurance; title: Private payment; title: Medicaid; title: Applying for Medicaid; title: Medicaid's financial requirements; title: General rules; title: Division of assets for married couples; title: Treatment of income for married couples; title: The spend-down; title: Chapter 6: The Medicaid transfer of asset rules and the Deficit Reduction Act; title: Chapter 7: The irrevocable Medicaid trust; title: Chapter 8: Putting assets into children's names; title: Liability; title: Loss of control; title: Tax problems; title: Chapter 9: Crisis Medicaid planning for married couples; title: Chapter 10: Federal and Massachusetts estate taxes; title: Chapter 11: Trusts for children with special needs; title: Special needs trusts for children with disabilities; title: Trusts for children with other special needs; title: Chapter 12: Summary of optimum estate planning documents; title: Revocable trust; title: Irrevocable medicaid trust; title: Pour-over will; title: Durable power of attorney; title: Chapter 13: The social security tax trap; title: Chapter 14: The "widow tax trap"; title: Chapter 15: The "stretch" IRA; title: Case study; title: Potential pitfalls; title: Chapter 16: The "stretch" ROTH IRA; title: A quick review of current tax brackets (2008); title: How the stretch ROTH technique works; title: Chapter 17: Net unrealized appreciation; title: NUA explained; title: Case study; title: Option 1: normal rollover approach; title: Option 2: NUA rollover approach; title: Benefits of NUA; title: Drawbacks; title: Chapter 18: What to do from here?