Several factors should be considered when determining whether a First Party Special Needs Trust or a Third Party Special Needs Trust should be utilized when developing the appropriate plan for a beneficiary with special needs. In both circumstances, the type…
Tax season is fast approaching and many taxpayers are reviewing their paperwork to figure out what documents are necessary and what can be discarded. This can be a daunting experience that leaves many with the question: how long should I keep my tax returns?
The length of time you should keep a tax-related document typically depends on the action, expense, or event which the document records. Generally, you should keep your records until the statute of limitations runs out.
1. Why should I take steps to protect my home? If you suffer a long term illness and you have not taken steps to protect your home, your home may have to be sold to pay for your care. 2…
What is the difference between Medicare and Medicaid? Medicare is a government program that provides health care benefits to senior citizens, disabled individuals and individuals with certain chronic illnesses. Medicaid is a need-based government program available to individuals with low…
When is the reading of the will? Usually there is no formal “will reading” for the family. If you are the next of kin, you hopefully are aware of the estate planning attorney that your family member used. Please contact…
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What is a Durable Power-of-Attorney? This document allows you to appoint an agent to handle your financial affairs if you are unable to handle those affairs yourself (either physically or mentally). Do I have to be declared incompetent for my…