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Free Report: What Is a New York Special Needs Trust

The Medicaid program is only available to people who can demonstrate a significant level of financial need. As such, there is indeed an asset limit. For a single individual, this limit is $2000. The $2000 limit is certainly attention-getting, but fortunately, some things that you own are not countable. The biggest asset that is not counted is your home, but in Connecticut, there is an equity limit that stands at $828,000 during the current calendar year. Topics covered in this report include: Medicaid Eligibility Click here to read the whole article or download the PDF.
http://preserveyourestate.net/blog/medicaid-asset-in-connecticut/8203/

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Free Report: What Are The Gift Tax Exclusions in Connecticut

There is a federal gift tax in place that is unified with the estate tax, but there are exclusions that can be used to give tax-free gifts. You can give up to $14,000 each calendar year to an unlimited number of people tax-free, and you can also pay for school tuition and medical expenses free of the gift tax. Topics covered in this report include: Annual Per Person Exclusion Educational Exclusion Medical Gift Tax Exclusion Unified Lifetime Gift and Estate Tax Exclusion Click here to read the whole article or download the PDF.
http://preserveyourestate.net/blog/gift-tax/8136-2/

Free Report: What Are The Gift Tax Exclusions in Connecticut

There is a federal gift tax in place that is unified with the estate tax, but there are exclusions that can be used to give tax-free gifts. You can give up to $14,000 each calendar year to an unlimited number of people tax-free, and you can also pay for school tuition and medical expenses free of the gift tax. Topics covered in this report include: Annual Per Person Exclusion Educational Exclusion Medical Gift Tax Exclusion Unified Lifetime Gift and Estate Tax Exclusion Click here to read the whole article or download the PDF.
http://preserveyourestate.net/8136-2/

Free Report: What Is Included In My Estate Plan?

When people ask about the components that would comprise an estate plan, they may not understand the fact that every case is different. There is no universal, one-size-fits-all estate plan that would be ideal for every person. At the same time, there is a certain basic structure. In this free report, we will dissect the structure, and we will drill down a bit further along the way to examine some of the specific circumstances that can require the implementation of more advanced estate planning techniques. Click here to read the whole report or download the PDF.
http://www.preserveyourestate.net/free-report-included-estate-plan/

Free Report: Will My Heirs Be Forced To Pay an Inheritance Tax in Connecticut

An inheritance tax is a tax that would be levied on distributions to every inheritor who is not exempt from the tax. In other words, there could be multiple impositions of an inheritance tax when one estate is being distributed among the heirs. The states have the ability to impose state-level inheritance taxes, but most states are not exercising this option. Only six states in the union have state-level inheritance taxes, and fortunately, Connecticut is not among them. The states with state-level inheritance taxes are New Jersey, Pennsylvania, Maryland, Nebraska, Iowa, and Kentucky. Topics covered in this report include: Inheritance Taxes Estate Taxes Click here to read the whole article or download the PDF.
http://www.preserveyourestate.net/free-report-heirs-forced-pay-inheritance-tax-connecticut/