The recent implementation of the " One Big Beautiful Bill " (OBBB) Act has tightened regulations for Medicaid, with a particularly significant impact on low-income applicants who are able to work. This video, presented by Attorney Yang, provides a quick analysis of the three latest changes: 1️⃣ The recertification cycle has been shortened: once a year → once every six months. The qualification review is more frequent, and income and family information need to be kept up-to-da

Many people are asking: "Can I apply for Medicaid in the United States? Will I have to spend all my savings?" There's really no need to be so afraid! This video features Si Yang, Esq, who explains in a very simple way what a "Medicaid Trust" is and teaches you how to legally and smartly protect your assets while still receiving government benefits. The video will discuss: ✅ What exactly is a Medicaid card? Who can apply for one? ✅ Why can a Medicaid trust help you keep your h

Do hardworking parents in the United States also have this kind of worry? What if the house I worked so hard to buy for my child becomes marital property after he gets married, or even has to be divided in half? Actually, many people share this concern, so it's not surprising! In this video, Si Yang, Esq., a senior lawyer from our firm, will use a simple approach to tell everyone three practical and reassuring methods to protect your child's property: ✅ Have your child sign a

In modern society, while the birth rate among young people is declining, the number of people keeping pets is increasing. Pet owners consider their pets as family members and will naturally carefully consider the protections that their pets deserve or may receive as "family members." As a pet owner, what if I pass away before my pet? Who will take care of my beloved pet? If I want to designate someone to care for my pet, what are the legal steps involved? How should these fin

New York State’s Transfer on Death Deed law goes into effect in July 2024. The new law allows New York State residents to designate a beneficiary during their lifetime who will automatically inherit their estate upon their death. The advantage of this approach is that its simplicity is attractive: the property can be transferred quickly after death, avoiding the cumbersome probate process. However, since the new law has just come into effect, it still has its shortcomings. Fo

Marriage is one of the most important decisions in life! Before entering into a formal marriage relationship, more and more people are considering using a prenuptial agreement to carefully plan the relationship and allocate resources reasonably. What exactly is a prenuptial agreement? What does it include? How does it compare to a postnuptial agreement in terms of advantages? Many Chinese clients may request a "personal specific property notarization" in the prenuptial agreem

作者：楊司律師、蔡璧徽律師，法路通律師樓合夥人 改房契名字前，贈與稅跟遺產稅必須三思。 很多人买了房子之后，可能过几年生活情况改变，于是就想要改动房契上面的屋主名字，例如加上配偶、加上小孩的名字，或者担心小孩未来的离婚官司而拿掉小孩名字等等，有时候也会从屋主自己名字换成投资用的公司名，或者因为投资房改成自住，从公司转到个人名下。 这些种种情况都难免发生，也因此涉及到改动地契上的名字。改地契其实技术上并不困难，对于房产律师来说这是相对容易的事情。然而魔鬼藏在细节里，大部分人在改房契的时候都想说可以写成0元交易节省交易税，但是做成0元交易的赠与，却也有其他赠与税等问题。以下笔者会讨论当今赠与税和遗产税重点。 ★总统大选 免税额之争 2017年底，时任 总统川普 签署的税改方案，对很多高净值人士无疑是个喜讯：遗产免税额翻倍，等效于凭空省下几百万元遗产税。 2020年 拜登当选总统 后，这个话题又重回风口浪尖。拜登竞选时 承诺 打有钱人，答应要把免税额降到300万元，这当然吓坏许多富人们。然而过去一年，尽管新政府推出一个又一个各种改革性法案，先前说要大改

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原创： 杨司律师 2017年底,川普签署的税改方案,对很多高净值人士无疑是个喜讯: 遗产免税额翻倍,等效于凭空省下几百万遗产税。 拜登当选后,这个话题又重回风口浪尖。拜登竞选时立下口号,要把免税额降到三百万,不到当前额度的三分之一。 然而过去一年,尽管新政府推出一个又一个税务法案,遗产税改却始终没有动静。利益相关人士翘首以盼,直到2022新年钟声敲响,才长舒一口气:看来拜登政府是把遗产税这事抛在脑后了。 那么,是否我们真就可以高枕无忧,安心把千万资产免税传承给孩子呢? 什么是遗产税与赠予税 在美国,只有死亡和交税不可避免。 在诸多繁杂的税务种类中,有一个税种为所有人避之唯恐不及,那就是遗产与赠与税(Estate and Gift Tax)。 原因很简单:遗产与赠与税的税率高达40%!再加上各州的州遗产税,很容易导致过半遗产值都被拿去缴税的情况。 有这样一个案子,逝者遗产里有一套价值五十万的房产,遗产税算下来要交二十五万。麻烦的是房产还没办法在短时间内变现,子女只能在低价抛售和迟交利息之间犹豫不决,做艰难的权衡取舍。 为什么遗产税和赠予税被放在同一

来自世界日报周刊 记者 韩杰 有了孩子后，也是设立遗产信托的指针 纽约华人律师杨司已经从事遗产规画（estate planning）的法律业务多年了。他说，意外何时发生很难预料，但有防范意识总是好的。许多客人知道设立家庭信托（trust）是遗产规画的一个方式，但不知何时设立信托比较好。他建议，设立信托不是越早越好，而是要选择「适当时机」，即家庭结构稳定时最适当。 他说，家庭稳定包括结婚后或者孩子出生后家庭关系稳定。若是准备离婚时，就不要设立信托，因为这时家庭不是稳定的。同时，家庭发生变故后，要对信托及时更新。例如，有人已经离婚，但未更改信托，当事人去世后前妻或前夫就可以继承遗产，而「这显然不是信托设立人所希望的」。同时，若是相关法律改变时，也要修改信托中的某些条款。 如果夫妻准备离婚，就不应设立遗产信托。 想好遗产规画 杨司说，与主流社会相比，美国华人做遗产规画的比率「还是偏低」。他说，这主要是有以下几个原因。一、许多人不知道要做遗产规画，因为中华传统文化中没有遗产规画这一项，而且很多人也避讳谈起。「遗产规画的很多任务具如信托等都是西方人发明出来

Too many people are busy making money, and too few people learn how to protect them from government claims. The thought of someone we love dearly passing away is not an enjoyable thought that many people would like to dwell upon. Perhaps this is why many people fail to properly do estate planning until it’s too late. Take, for example, the cautionary tale of a client of ours, Mrs. Zhang. Mrs. Zhang had a happy marriage with her husband, Mr. Feng. Mrs. Zhang and Mr. Feng, howe