17 Feb Can I gift money for a house and deduct it on my tax return? Posted at 05:01h in Ask NJMoneyHelp, Estate Planning, Taxes Gifts are not deductible to the donor, nor are they income to the donee.... Read More
15 Feb What happens to Medicaid if mom gifts her IRA to her kids? Posted at 05:01h in Ask NJMoneyHelp, Estate Planning, Retirement There is a five-year period where Medicaid will look at your finances.... Read More
10 Feb I overpaid taxes for my deceased aunt. Can I get a refund? Posted at 05:01h in Ask NJMoneyHelp, Estate Planning, Taxes There is a time limit to get money back if you've paid taxing authorities too much. ... Read More
09 Feb How do we pay inheritance tax on this inherited IRA? Posted at 05:01h in Ask NJMoneyHelp, Estate Planning, Taxes The state sets inheritance tax rates based on the deceased's relationship to the heir.... Read More
07 Feb How can I make cash easy to access if an older person needs care? Posted at 05:01h in Ask NJMoneyHelp, Estate Planning There are several ways to make money accessible for people who may care for you.... Read More
07 Feb Who gets paid first after someone dies? Home loans or Medicaid? Posted at 05:01h in Ask NJMoneyHelp, Estate Planning There is an order in which funds from a person’s estate are distributed. ... Read More
06 Feb I’m a teacher. Is my retirement account subject to the inheritance tax? Posted at 05:01h in Ask NJMoneyHelp, Estate Planning Different assets may be taxed differently upon your death.... Read More
03 Feb How should we manage inheritances for kids with mental health challenges? Posted at 05:01h in Ask NJMoneyHelp, Estate Planning You can structure trusts and other documents to help your heirs.... Read More