Category: Estate Tax

Major Wealth Transition Expected to Occur in Next Few Decades

March 2, 2017 Victor Medina Estate Planning, Estate Tax, Living Trust, Trusts 0 Comments

An inter-generational transfer of wealth can be extremely complicated and it can be risky for everyone involved. Without proper planning, passing on a large amount of wealth could generate tax and other financial consequences for those receiving the benefits and those passing them on. It is expected that in the next forty years, nearly $32 […]

The Risks Of Giving Your Home To Your Children

April 24, 2014 Victor Medina Asset Distribution, Estate Planning, Estate Tax, Family, Medicaid Planning, Reverse Mortgages 0 Comments

Some parents consider transferring ownership of their homes to their children. Why? Many believe that it is a classic win-win situation. They can continue to live in the house, while at the same time reduce the value of their estate for tax purposes and provide a valuable asset to their kids down the road. If […]