Preservation | Family Wealth Protection & Planning


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Posts from October 2016.
By Trusts & Estates Practice Group on October 17, 2016 at 2:10 PM

Stack of coins and calculator on deskPeople often ask whether a revocable trust — one that can be revoked or amended — can help save taxes. Sometimes people even tell me directly they need a revocable trust to help them save taxes. While this is not entirely off-base, it is a common misconception.

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By Elizabeth Pack on October 6, 2016 at 10:54 AM

Caduceus medical symbolMO HealthNet, the Missouri Medicaid program, covers qualified medical expenses for those who meet eligibility requirements such as being blind, disabled or over age 65 and do not exceed certain income and resource limits.

Generally, for disabled and elderly claimants to be eligible for the program in 2016, monthly income may not exceed $842 for an individual or $1,135 for a couple, and resources (checking/savings accounts, CDs, mutual funds, real estate other than a primary residence, etc.) may not exceed $999.99 for an individual or $2,000 for a couple. The income limits are adjusted each year, but the resource limits have not changed since 1967.

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