Another Plus About Trusts: Federal Court Ruling Green-lights Trust’s Tax Deduction Claim

A federal tax court’s ruling in favor a trust on certain deductions that the trust claimed on its federal income tax returns highlights a potential added bonus to the use of trust planning, as the court decided that a trust could engage in the sort of active participation in a business needed to claim the […]

How Qualifying for Medicaid Will (or Won’t) Affect Your Estate Plan

For many seniors, few things are more intimidating than the thought of a required stay in a nursing home. In addition to the high degree of emotional stress that going into a nursing home entails, there’s also the scary thought of the financial repercussions. A Milwaukee Journal Sentinel article from last spring reported that the […]