One of the most difficult things for most attorneys to deal with is meeting with potential clients, hearing their stories, and having to say, “I’m sorry. I cannot help you.” The popular image of attorneys is that they are in it for themselves. People think that attorneys do not care about their clients. However, the
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Trusts and the Estate Tax
Last week, we told you about what the Presidential candidates are proposing to do with the estate tax. This week, we want to tell you that regardless of what the estate tax is now or what it will be in the future, there are certain estate planning steps that you should be taking. Specifically, you…
Who Can Act as a Living Trust Trustee?
When you are engaged in the process of estate planning, you should make sure that you act in a measured and informed manner. If you make assumptions without knowing all of the facts, you may overlook ideal solutions. With this in mind, let’s look at revocable living trusts and the role of the trustee.
Efficient…
Attend a Free Estate Planning Seminar
Studies show that most people have not executed all the necessary estate planning documents. A lack of information can lead to procrastination, because many people do not know why planning is importance. Others recognize the need, but they are frozen with inaction because they do not know how to proceed.
Knowledge is the key, and…
What Is a Third Party Special Needs Trust?
Personalized attention is very important when you are planning your estate. You should explain your unique personal situation to your estate planning attorney, so you can be certain that you are taking the right steps to provide for your family members.
With the above in mind, we will look at third party special needs trusts…
Why Is Incapacity Planning Important?
Everyone should have an incapacity component embedded within a broader estate plan. In this post we will look at the importance of incapacity planning.
Aging of the Population
People are living longer and longer lives. The average life span is 78 years, but it becomes likely that you will live into your eighties if you…
Can Medicaid Take My Home?
When you plan your estate, you work with an estate planning attorney to devise a strategy for transferring your assets after you pass away. However, if you want to be comprehensively prepared for the future, you should consider the eventualities of aging. For many, Medicaid planning is part of the equation.
Living Assistance
It can…
Can a Trust Be Used to Complete a Medicaid Spend Down?
Medicare will help with your medical expenses when you reach the age of eligibility if you qualify, but the program will not pay for long-term care.
This is a problem for most people, because long-term care is quite expensive. The average stay could cost over $200,000 in many areas of the country.
Medicaid is the…
How Is Property Distributed If There Is No Last Will?
Everyone should take estate planning seriously, because it addresses something that is definitely going to happen to all of us. In spite of the inevitability factor, a significant percentage of people go through life without a plan.
What would happen to your assets if you passed away without a last will? Let’s look at the…