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Trust Me, You’re Gonna Like This – The See-Through Trust as a Beneficiary

August 12th, 2019 Jim Blankenship – https://blankenshipfinancial.com/ One area that often gets short shrift in discussions of IRAs and beneficiary designation is the use of a trust as the beneficiary. Part of the reason behind this may be the perceived complexity of trusts in general; at any rate, it’s not…

Court Cannot Reform Medicaid Recipient’s Deed Because It Would Affect Medicaid Agency’s Right to Estate Recovery

A Massachusetts land court rules that a Medicaid recipient’s estate may not reform a deed to treat the recipient’s property as though it was transferred before she died because the reformation would unfairly prejudice the right of the Medicaid agency to recover from her estate. Casey v. Papamechail (Mass. Land Ct., No….

Revocable Trusts Are Not Always Treated the Same as an Individual

June 1, 2021 by Steve Hartnett  A revocable trust is usually treated the same as the individual who created the trust. For federal income tax purposes, a revocable trust is a “grantor trust” under section 676 of the Code. Therefore, all items of income and expense of the trust flow through to…