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Is There a Difference Between Community and Separate Property?
Автор: Rainey & Rainey, Attorneys at Law
Загружено: 2020-06-26
Просмотров: 6
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Mine. Yours. Ours
Everybody has heard that phrase, and it often comes to mind with divorce proceedings. However, did you know the distinction between community and separate property can impact estate planning and Medicaid planning?
Wills and trusts are designed to allocate property and funds, so established ownership is fundamental. Medicaid is a needs based program with several asset and income qualifiers. Property that is purchased, gifted, or inherited could be pivotal to a successful Medicaid application.
For more information or questions, please visit raineyandrainey.com
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