A revocable living trust is a type of trust that you can create and change at any time. You can also access and use the assets in the trust as you wish. … Read More »
Category: Real Estate
Free Fraud Alerts: Real Property in Indiana
Author Law Office of Glenn A. DeigPosted on Categories Asset Protection, Planning, Real Estate, Tools A growing white-collar crime in Indiana, and other States, is when criminals file a Deed or Mortgage against your real property to wrongfully transfer, and sell, or borrow against your equity… Read More »
What Is the Stepped-Up Basis?
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 »
Will I lose my home if I go to a nursing home?
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 »
Transfer on Death Deeds — Pros & Cons
Author Law Office of Glenn A. DeigPosted on Categories Asset Protection, Estate Administration / Probate, Estate Planning, Planning, Real Estate Last month’s article discussed a Life Estate Deed and the pros & cons of this estate planning document. This month is related, but a discussion of a different estate planning document, the Transfer on Death Deed (TOD … Read More »