Author Law Office of Glenn A. DeigPosted on Categories Estate Administration / Probate, Planning, Real Estate The stepped-up basis is a provision in federal tax law that adjusts the value of an inherited asset for tax purposes. It means that the cost basis (the original purchase price) of the asset is increased to its fair market value … Read More »
The Public Health Emergency caused by the COVID-19 pandemic has upended our lives in ways we could never have imagined. … Read More »
Author Law Office of Glenn A. DeigPosted on Categories Asset Protection, Long Term Care, Medicaid, Nursing Homes, Planning Many times, couples come to see me, and while one spouse is in relatively good health; the other is what I would describe as the “sick spouse”. … Read More »
Author Law Office of Glenn A. DeigPosted on Categories Asset Protection, Long Term Care, Medicaid, Nursing Homes, Planning, Real Estate One common misconception for those who have entered a nursing home is that the home must be sold before one can attain Medicaid eligibility. This is simply not true. … Read More »
Author Law Office of Glenn A. DeigPosted on Categories Asset Protection, Estate Administration / Probate, Estate Planning, Planning, Trust & Wills Early in my legal career a person’s Last Will and Testament dictated where a person’s estate would go to and who was in charge. Today, a Last Will and Testament is still important … Read More »