Private Annuity/Trust
A financial tool to defer capital gain; remove assets from your estate and at the annuitants death by pass estate and gift taxes. A tool avoiding the limits on business installment sales and depreciation recapture which plaque business and assets sales.
Life/Estate (Family Trusts)
Significant benefits for middle class and wealthier taxpayers protecting assets from creditors, legal claimants and handling estate planning (such as probate and transferring estate assets to heirs).
THE LIFE ESTATE TRUST PROVIDES:
- Complete personal and business financial privacy
- Important tax advantages
- Limited liability from business dealings
- Superior estate planning and probate avoidance
- Medicaid planning capability
Personalized Tax Planning
Strategies for business and individual to maximize retention of income and value of appreciated assets. Identity opportunities to avoid tax and increase earning opportunities.
Life and Health Insurance
Utilize insurance products to enhance assets growth, protect your family assets and defer taxes.
Estate Structuring
A program of identifying assets value and opportunity to enhance its utilization for the growth and retirement.
Medicare Trusts
Assets and income of a non-insitutionalized spouse which are above the states threshold are considered to be an available resource to pay Medicaid costs. One method of achieving qualification for Medicaid is to give away, to tranfer without full and adequate consideration, enough assets to make one eligible for Medicaid assistance. If the applicant made a direct gift of the whole $300,000 to his/her children three years and one day prior to applying for Medicaid, he/she would have to wait five years and one day(60 months and one day) to be eligible for Medicaid benefits.
The one Medicaid planning strategy that appears to remain solid is the private annuity .Under this arrangement the client exchanges assets for an annuity which is payable for life. There is no gift component. One big advantage of a private annuity in Medicaid planning is the fact that no look back period is applicable and no period of ineligibility is created. Since the Medicaid applicant' former assets are deemed exchanged for full and adequate consideration, there is no transfer or gift and no countable assets. There is only and income stream.
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