A. Long Term Care Average nationwide cost of long term care exceeds $94,000 Exceeds $250,000 in some major metropolitan areas Americans living longer (not necessarily living better); cost of care increasing; not... Continue Reading
Estate planners love acronyms, and one of the most common when referring to a particular type of trust is QTIP, which stands for Qualified Terminable Interest Property. A QTIP trust provides a way for someone to leave property in... Continue Reading
The following statistics illustrate the gravity of the need for estate and long term planning for our aging population. Graying of America 40 million Americans over age 65 13% of the population 25%of these people... Continue Reading
In a 2-1 decision, the Superior Court recently reversed an earlier ruling of the Philadelphia County Orphans’ Court and determined that a trust may be modified to add a portability clause to enable trust beneficiaries to remove... Continue Reading
The IRS issued final portability regulations concerning the election of portability for the deceased spousal annual exclusion (DSUE) amount and the rules for the use of the DSUE amount by the surviving spouse. These regulations,... Continue Reading