Maximizing Independence with an ABLE Account
Kelly is 24 years old. She is on the autism spectrum and is receiving SSI. She is doing her best to be independent, but the monthly stipend is limited and it is difficult to live on her own with minimal…
Leaving a Legacy of Family Values
It can be challenging to address and legally formalize the inheritance of family values and assets. It becomes even harder for parents who wait too long to try. Undoubtedly the best time to teach and empower your children to inherit…
Protect your child’s inheritance from divorce
Did you know that 50% of marriages in this country end in divorce? Subsequent marriage divorce rates are even higher; 60% for second marriages and 73% for third marriages. These statistics cannot be ignored. As such, you should consider proper…
Can Medicaid take my home?
Medicaid is not in the market to own people’s houses. However, that does not mean that the value of your home isn’t exposed without proper Medicaid planning. An individual looking to qualify for Medicaid for either Community or Nursing Home…
How do I Protect my Child’s Inheritance from Divorce?
Did you know that 50% of marriages in this country end in divorce? Subsequent marriage divorce rates are even higher; 60% for second marriages and 73% for third marriages. These statistics cannot be ignored. So how do you protect your…
What To Do When Transferring Rental Property To A Trust
Our firm often works with individuals who invest in rental properties. Sometimes, it is advisable to transfer the client’s interest in the rental property into a trust. When discussing your rental property(ies) with your attorney, it is important to provide…
Should I Set Up a Trust?
A Living Trust is one of many planning tools that allow an individual to plan for how their property and wealth will be distributed to individuals and/or organizations during both their lifetime and upon their passing. So, should you set…
Don’t forget the 65-day rule deadline is March 6, 2022
The 65-day rule is a great opportunity for tax savings for trusts and estates. If you have a trust or estate running on a calendar tax year-end, then you should be aware of the 65-day rule and make sure you…
What Are the Benefits of a Pooled Trust?
For many seniors and individuals with disabilities, a pooled trust can be an excellent option to help them qualify for means-based government benefits, such as Medicaid and/or Supplemental Security Income (SSI). So, what exactly are the benefits of a pooled…
The Types of Trusts – Which one is best for you?
You have heard many people refer to trust as a great planning tool for your estate. It provides opportunities for so many different things, such as long-term care planning, tax planning, and probate avoidance. While you consider meeting with an…