01 Feb Will Medicaid try to recover money from a 55-year-old patient?
By law, Medicaid has to try to recover funds from the estates of recipients....
01 Feb Mom has dementia. How do I manage her finances?
Start by having a discussion with your parent so they understand that you are trying to help....
31 Jan I have a joint account with my son. I added $35K. Is tax due?
It's important to understand how gifting rules could come into play....
31 Jan I inherited 2 IRAs. When do I have to take money from the accounts?
The rules for IRAs have changed. Don't make a costly error....
30 Jan What happens to Social Security if I get married?
Your marital status can have an impact on what benefits you may receive. ...
30 Jan My adult son receives SSI. Should he be a dependent on my tax return?
You'll have a choice to make if he qualifies as a dependent. ...
23 Jan If I trade a property for another, will I owe the exit tax?
An IRA rule called a 1031 exchange can only be used for investment properties....
23 Jan I’m divorced. For how long, and when, will my ex get my pension?
Several factors determine how a pension may be split after a divorce....
20 Jan Can I take out as much as I want from an inherited IRA?
An inherited Roth IRA has different rules than a traditional one. ...
20 Jan My mom died. Do I have a right to any of her property?
The first step is to see if the deceased person had a will....