After staying the same for five years, the amount you can give away to any one individual in a particular year without reporting the gift will increase in 2018. Very few taxpayers will have to pay a gift tax in any case.
You may be afraid of losing your home if you have to enter a nursing home and apply for Medicaid. While this fear is well-founded, transferring the home to your children is usually not the best way to protect it.
November is National Adoption Month, an initiative started by the Children's Bureau under the U.S. Department of Health and Human Services.
Navigating adoption in Florida can be confusing. At Murphy & Berglund, PLLC, we have helped parents adopt the most amazing children, and have represented children being adopted into a loving family.