Yes. In most states, he would have to liquidate the IRA in any case. Be aware that doing so means that he’ll have taxable income. However, the nursing home fees should be deductible as a medical expense.
Yes. In most states, he would have to liquidate the IRA in any case. Be aware that doing so means that he’ll have taxable income. However, the nursing home fees should be deductible as a medical expense.
The Montana Supreme Court ruled that elderly brothers were entitled to rescission of an agreement to sell their ranch that included a grantor-support agreement binding the buyers to provide future assistance to them with end-of-life issues, where the purchasers breached...
Read MoreThe Kentucky Court of Appeals affirmed a circuit court's ruling that a trust agreement created under the authority of a power of attorney was void ab initio. The POA stated that it would become effective only when the principal's disability...
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