Tuesday, June 14, 2011

A Dark View of Estate Planning

Where Have All the Estate Planning Lawyers Gone? Stephen Dunn believes they've turned to protecting doctors' assets or sunk to fleecing old folks: "… I would say that planning to qualify clients for Medicaid coverage of nursing home care has surpassed estate tax avoidance as an objective of estate planning."

He's wrong, I hope. Isn't he?

Update. For her hopeful heirs, any old Medicaid nursing home sounds fine for Grandma. The reality? See Gerry Beyer's post: Nursing Home Statistics. (The statistics don't take deficit-reducing cuts in Medicaid into account. Sorry, Grandma.)

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