Elder Care Blog Archives • Page 26 of 28 • Tully law group

A Living Will is a health care advance directive that allows you to give written instructions that explain your wishes (more…)

If you are in a position to make medical decisions for someone else, this Memorandum is for you. If you (more…)

If you become unable, even temporarily, to make health care decisions, someone else must decide for you. Health care providers (more…)

An ethical will reflects the “voice of the heart.” Think of it as a love letter to your family. Every (more…)

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…)

What is a Living Will?