by Sanford Okura | Feb 28, 2011 | Estate Taxes and Gift Taxes
The new tax law gives us a wonderful opportunity to protect assets from nursing home costs and also from taxes. It makes temporary changes to the federal tax laws. It allows you to give away during your lifetime up to $5 million of assets without any gift...
by Sanford Okura | Mar 26, 2009 | Articles
Whenever you give away assets, there are laws in three different areas to consider: 1) gift taxes; 2) Medicaid rules for nursing home costs; and 3) capital gains taxes. Many people think you can give only $10,000 tax-free to each individual. Actually, the amount is...
