Top 10 Myths of Elder Law & Estate Planning

1. A revocable trust avoids estate taxes.

2. A joint account is not a countable asset for Medicaid purposes.

3. A power of attorney can make health care decisions.

4. An IRS tax-free gift does not count as a gift for Medicaid purposes.

5. A Will governs all assets, even accounts with joint titleholders or beneficiaries.

6. You can’t own a home and be eligible for Medicaid benefits.

7. Life insurance is not part of your taxable estate.

8. An IRA is a countable resource for Medicaid purposes.

9. A young person does not need Advance Directives.

10. A disabled person cannot inherit money without losing government benefits.

Find out why all of the above are incorrect and get all the right answers inside our Guidebook.