June 2021 - Milvidskiy Law Group P.C.
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28 06, 2021

Passing Assets to Grandchildren Through a Generation-Skipping Trust

2021-06-28T10:56:29-04:00June 28th, 2021|

Passing assets to your grandchildren can be a great way to ensure their future is provided for, and a generation-skipping trust can help you accomplish this goal while reducing estate taxes and also providing for your children.   A generation-skipping [...]

21 06, 2021

What Is a Directed Trust and What Are Its Benefits?

2021-06-21T09:34:36-04:00June 21st, 2021|

Directed trusts can be a useful estate planning tool, allowing you to place your family’s assets in a trust but benefit from the expertise of an advisor who knows more about the handling of certain trust functions than you may.  [...]

7 06, 2021

Can Life Insurance Affect Your Medicaid Eligibility?

2021-06-07T11:48:32-04:00June 7th, 2021|

When applying for Medicaid many people often forget about life insurance. But depending on the type of life insurance and the value of the policy, it can count as an asset.  In order to qualify for Medicaid, you can't have [...]

4 06, 2021

What Is the Generation-Skipping Transfer Tax?

2021-06-04T10:25:14-04:00June 4th, 2021|

The estate tax gets all the press, but if you are leaving property to a grandchild, there is an additional tax you should know about. The generation-skipping transfer (GST) tax is a tax on property that is passed from a [...]