Inheritances Provided through Charitable Trusts An irrevocable trust that provides income to heirs while benefiting you or a charity is a charitable trust. If you are philanthropically minded with nonessential assets like stocks or real estate, inheritances provided through charitable trusts can offer many financial advantages for all those involved. Once in place, a charitable […]
Achieving Advanced Directives It is among the most difficult challenges we will ever have to confront in life to consider our own death. Yet it is very important to think carefully about the medical treatment we would want for that challenging time. Medical technology can now keep us alive long after we have ceased to […]
To create an estate plan that meets your family’s needs, you need to speak to your spouse or life partner. Before meeting with an estate planning attorney, it is best to discuss your ideas to present a united goal. This conversation can be challenging if you and your loved one have different points of view […]
Remember Medicaid planning doesn’t simply mean meeting strict income and asset limits to qualify for long-term care insurance. You will also need to demonstrate you need the level of care typically provided in a nursing home setting. These health eligibility rules are valid if you apply for nursing home coverage. Or a Medicaid waiver program […]
Whether your loved ones are older adults, or you are concerned about your future health and financial well-being, an elder law attorney can help. Elder law is a highly specialized area of law focusing on the legal needs of older adults encompassing more significant issues like long-term health care needs, quality of life, and financial […]
It’s more crucial than ever to take stock of your life and your healthcare planning at the start of a new year. Americans continue responding to the ever-present threat of COVID-19 in its many iterations. And we are identifying that which is most important in our lives. To preserve our health and financial future best. […]
Estate planning: six mistakes to avoid. It can protect your assets, interests, and the people you love if you plan ahead. Sadly, many individuals make costly mistakes without proper advice and guidance from a qualified estate planning attorney. Beyond undermining your intent and diminishing your financial legacy, poor planning can create additional stress to your […]
Transfer of Generational Wealth This financial time is unprecedented in human history. Baby boomers preparing to pass on their legacies through estate plans put America at the brink of the largest ever transfer of wealth. Over the next 25 years, projections estimate 68.4 trillion dollars will be in motion to create an unprecedented transfer of generational wealth. […]
Lifetime Planning for Special Needs Children Special needs children present a unique challenge in regards to estate planning. Optimizing your estate to use, enhance, and enrich assets for your special needs child while maintaining their enrollment in public benefits programs requires careful planning. An estate planning attorney can prepare a special needs trust and help […]
Grieving loved ones should not need to inherit assets only to find they are not accessible for cash expenditures they will be responsible for after you pass away. Most retirees’ assets are in homeownership and retirement accounts, requiring a sale to get cash. Life insurance can provide the liquidity needed when managing and distributing your […]
