Krause Financial Services

An irrevocable trust is an excellent tool when preplanning for Medicaid benefits. Anything that is put into the irrevocable trust is protected from a Medicaid spend-down if five years pass from the date of the transfer.

Under the grantor trust rules, a person who transfers property to a trust and retains certain powers or interests is treated as the owner of trust property for income tax purposes.

In this article, I answered a few questions that commonly arise when dealing with Veterans Aid & Attendance planning

This is an example case that I worked on where the individual wanted the IRA to be put into a Self-Settled (d)(4)(A) Trust and the article explains the way it was handled.

This article explains the favorable tax treatment of long-term care insurance ("LTCI") premiums

This article explains the most recent case of Rorick v. Ohio Department of Job and Family Services regarding an annuity purchased by a community spouse

This article explains some state's alternate rule for actuarially sound

This article summarizes the changes in Medicare that will be effective January 1,2011

This article explains the types and uses of annuities used in VA planning.

This article distinguishes the products offered by Krause Financial Services from others.