Watch Your Language: Gifting Power

QUOTE Effective long-term care planning can require gifting assets to a spouse or child. In Medicaid cases, assets must be transferred to the community spouse 90 days after approval. But it may be impossible to complete the required transfers if the power of attorney does not include the necessary language. That’s the importance of the gifting power. What is it? … Read More

Watch Your Language: Trustee

A trustee has legal title to assets subject to certain conditions and requirements that are spelled out in the trust document. [Read More]