Elder Care Blog - Tully Law Group

Adjusted Basis Adjusted basis is your basis increased or decreased by certain amounts. Increases to basis: These include any additions (more…)

Generally, you must have owned and lived in the property as your main home for at least 2 years in (more…)

State death taxes come in two basic forms: inheritance taxes and estate taxes. Prior to 2005, many states levied an (more…)

Proper IRA planning is now more important than ever due to the latest IRS required minimum distribution rules. Quite often, (more…)

1. Read your documents. Are all the names right? Have all of your will or trust beneficiaries been listed? Are (more…)

The income taxation of trusts is governed by Subchapter J of the Internal Revenue Code, §§ 641 through 692. For (more…)

Nearly one out of every four U.S. households provides care to a relative or friend aged 50 or older and (more…)

Transfer of Home to an Irrevocable Trust Placing your Home into the trust will be subject to the same sixty (more…)

Medicaid Eligibility If you require long term custodial care in a nursing facility, your Home would be considered an available (more…)

Elder abuse is any form of mistreatment that results in harm or loss to an older person. Elder abuse can (more…)

Elder Care & Estate Planning Blog