“Is a Medicaid Asset Protection Trust Right for You?”

1. Dolly Parton is known for her philanthropy and has lessons to teach about giving back.
2. Winning a money judgment in court does not automatically provide funds, and there are steps to take to collect the money.
3. Non-citizens in the US do not have the same tax benefits as citizens, especially in estate planning.
4. Discussing estate planning with loved ones is important for every adult, regardless of wealth or age. 1. Congress may address the sunset provisions of the Tax Cuts and Jobs Act in 2024.
2. There are questions about whether Congress will extend the high estate tax exemption introduced in 2017 or allow it to expire in 2025.
3. The upcoming election year adds uncertainty to whether Congress will take action on the tax cuts.

https://smithlegacylaw.com/resources/insights/should-you-have-a-medicaid-asset-protection-trust/