Gifting Your Home to Your Children Can Have Tax Consequences
top of page
Search
Many people wonder if it is a good idea to give their home to their children. While it is possible to do this, giving away a house can have
Brian A. Raphan, Esq.
Apr 10, 20192 min read
Proving That a Transfer Was Not Made in Order to Qualify for Medicaid
Medicaid law imposes a penalty period for unqualified transfers.
Brian A. Raphan, Esq.
Aug 4, 20184 min read
Did You Know Choosing Retirement Account Beneficiaries Can Have Tax Implications?
Retirement Account Beneficiaries & Tax Implications
Brian A. Raphan, Esq.
Jun 17, 20182 min read
Careful…Gifting To Family Can Affect Medicaid Eligibility
Any transfer that you make, however nominal, may be scrutinized. - Matthew S. Raphan, Esq.
Brian A. Raphan, Esq.
Jun 12, 20182 min read
How to Protect an IRA From Heirs’ Creditors
When a person declares bankruptcy, an individual retirement account (IRA) is one of the assets that is beyond the reach of creditors, but...
Brian A. Raphan, Esq.
Apr 3, 20186 min read
Batter up! In the Bronx, Stadium Scents Take Fans Out to the Ballgame
In the Bronx, Stadium Scents Take Fans Out to the Ballgame By COREY KILGANNON MARCH 31, 2018, New York Times Gilbert Marcus, 80, smelled...
Brian A. Raphan, Esq.
Mar 23, 20162 min read
Should My Parents Give Me Their Home?
Many parents wonder if it is a good idea to give their home to their children. The children may be the first to say 'yes!' While it is...
Brian A. Raphan, Esq.
Apr 17, 20152 min read
State Not Required to Treat Medicaid Applicant’s Multiple Transfers as One Transaction
A Kentucky appeals court rules that a Medicaid applicant’s penalty period is appropriate because the state is not required to treat...
Brian A. Raphan, Esq.
Jan 22, 20152 min read
Can I Give My Kids $14,000 a Year?
If you have it to give, you certainly can, but there may be consequences should you apply for Medicaid long-term care coverage within...
Brian A. Raphan, Esq.
Jan 10, 20152 min read
Lack of Personal Care Agreement Makes Reimbursements to Relatives an Improper Transfer
Reversing a trial court, a Louisiana appeals court determines that a nursing home resident improperly transferred close to $50,000 to his...
Brian A. Raphan, Esq.
Dec 3, 20142 min read
WHY IRREVOCABLE TRUSTS VS OUTRIGHTÂ GIFTING
So, why complicate things with a trust? Why not just keep the planning as simple and inexpensive as possible? The short answer is that...
Brian A. Raphan, Esq.
Oct 2, 20142 min read
How Gifts Can Affect Medicaid Eligibility
We’ve all heard that it’s better to give than to receive, but if you think you might someday want to apply for Medicaid long-term care...
Important news for seniors and their families
bottom of page