Estate Tax Exemption at $5 Million in 2011
The federal legislature several years ago passed legislation, the Economic Growth and Tax Relief Reconciliation Act of 2001 (EGTRRA), which repealed the federal estate tax in 2010. While most estate planners expected the legislature to amend the Act before the repeal took effect, and institute an estate tax with an…
Recent Medicaid Changes in Ohio
Medicaid in Ohio in the last couple of years has undergone massive changes. Most significantly, the look-back period in determining available resources has been expanded from three years to five years. This means that if property is transferred to certain non-exempt individuals within five years of both applying for medicaid…