The In Terrorem Clause
Unfortunately, heirs may not always be content with the assets or amount of money left to them in a Will or Trust. Once the Testator or Grantor passes away, there is not much they can do to prevent their heirs…
It’s Never Too Early to Start Planning for the Future
We have all heard those stories where we stop and say, wait, but he was a runner and took great care of himself. He was only 52. She was only 55. If there is one thing that we have learned…
The 5 Benefits of an Irrevocable Trust
“I want to transfer my home/money/assets to my children so that Medicaid can’t get it if I need to go into a nursing home.” As elder law and estate planning attorneys, we hear this every day. But did you know…
How to Request FEMA Funds for COVID-19 Funeral Expenses
The Federal Emergency Management Agency (FEMA) announced that it has allocated $2 billion dollars to reimburse families up to $9,000 dollars for COVID-19 related funeral expenses which were incurred after January 20, 2020. These funds have been made available under…
Choosing a Trustee: What You Need to Know
A trustee serves a very important role in the care and control over the trust estate; therefore, the person or entity you choose to be your trustee is very important. A trustee holds legal title to the trust’s assets and…
Maximizing Your Settlement Benefits: What You Need to Know
It is so very important to understand the benefits that you are receiving prior to actually collecting the funds that you may be entitled to from a settlement. Benefits The following is a sample of some of the benefits that…
Surviving the SECURE Act – Charitable Remainder Trusts
A Charitable Remainder Trust (CRT) is an irrevocable trust that allows a person to donate money to a charity while generating an income for either the donor or other beneficiaries with the remainder of the donated assets going to a…
Five Reasons to Avoid an Online Will
Oftentimes people are drawn to the ease of creating an online Will versus seeking the guidance of a qualified elder law attorney. But, before you go online, consider these five reasons why online Wills aren’t your best option. Proper Execution…
How Do I Protect My House from the Nursing Home?
Yesterday I spoke to Jill, whose mom and dad have been talking to their friends. They have mentioned to Jill that they are getting nervous that they need to do some Estate Planning. They know that many of their friends…
The Pitfalls of Relying on a Last Will to Transfer Assets to Children
Very often I hear from parents that they worked really hard for their assets and they would like to leave those assets to their children. Unfortunately, they tend to believe that the best way to transfer those assets to children…