A trust is a valuable tool to take care of your family after you are gone. They enable you to avoid probate for the named assets, protect privacy, avoid certain fees and taxes, avoid lengthy delays, provide financial care for minor children and many other benefits....
https://chesapeakewillsandtrusts.com/wp-content/uploads/2025/05/why-cwt-created.mp4 Greg Jimeno of Chesapeake Wills &Trusts, an estate planning firm in Maryland, discusses the devastating experience his grandparents had with estate planning, — and how that...
The IRS has announced that the tax deduction for medical expenses includes amounts spent on face masks, sanitizer and other products purchased to prevent the spread of the coronavirus. If you have significant medical expenses, you may be able to deduct them from...
If you are caring for a loved one at home, you may need to rent a hospital bed. Here are the ins and outs of hospital bed rentals. The benefit of a hospital bed is that it adjusts to allow people with limited mobility to more easily get in and out of the bed....
The one-year deadline for nursing home residents on Medicaid to spend down their first round of stimulus checks is here, but they may have a little extra time. In March 2020, the Coronavirus Aid, Relief, and Economic Security (CARES) Act authorized $1,200...
This is something of a grey area. You must report most asset transfers to the Medicaid agency, and the transfer will usually cause a period of ineligibility for benefits. You could make an argument that the transfer of a noncountable asset does not need to be reported...
