
Protect Your Parents’ Savings From Nursing Home Expenses
Without proper planning, the high costs of nursing home care can quickly deplete your parents’ savings, leaving them financially vulnerable.

Without proper planning, the high costs of nursing home care can quickly deplete your parents’ savings, leaving them financially vulnerable.

Right now, gifts to trusts can take advantage of high tax exemptions and remove future appreciation of assets from taxable estates. One example available to spouses is making a gift to a trust that allows for a qualified terminable interest property (QTIP) election.