You may not think estate planning matters when you’re in your twenties or early thirties. After all, you might still be paying off student loans, renting your first apartment, or building your side hustle. But if you have any assets, whether it’s a savings account, a car, or even a growing TikTok following, then it’s … [Read More]
Can an Irrevocable Trust Be Changed?
The word “irrevocable” might sound like a dead end, but that’s not always the case. While an irrevocable trust is generally designed to be permanent, there are ways to modify this type of trust under the right conditions. If you’re dealing with a trust that feels like it no longer fits your family’s needs, don’t … [Read More]
How Does a Generation-Skipping Trust Work?
When your assets exceed the exemption amount ($13.99 million in 2025), estate taxes can significantly erode your legacy as wealth moves between generations. As a response, you could consider a generation-skipping trust (GST) to ease the burden. Let’s look at the details. What Exactly Is a Generation-Skipping Trust? A generation-skipping trust is a specialized trust … [Read More]
Tools in the Kit: Exploring Different Types of Trusts
Choosing the right trust can significantly enhance your estate plan, protect your assets, and ensure your wishes are honored. With various trusts available, understanding each type can help you select the best tool for your specific needs. Let’s explore some of the most common trusts and how they can benefit you. Revocable Living Trust A … [Read More]
Longevity Stats Underscore the Need for Medicaid Planning
Advancements in healthcare and living standards have led to increased life expectancy in the United States. As of 2025, the average life expectancy is approximately 79 years, with men expected to live around 76 years and women about 81 years. This includes people who pass away at all ages, even children and young adults. If … [Read More]
Estate Planning Considerations When Remarrying
Remarriage is an exciting new chapter in life, but it also brings unique estate planning challenges. If you have children from a previous marriage and/or substantial assets, taking proactive steps ensures your loved ones receive the protection they deserve. Updating Beneficiary Designations Even if you do not have a full estate plan in place, you … [Read More]
Incapacity Planning: Consider the Potential Impact of Alzheimer’s Disease
Everyone is aware of the existence of Alzheimer’s disease, but a lot of people do not fully understand the threat that it poses. We all know that Alzheimer’s causes dementia, but it is also the sixth leading cause of death in the United States. Let’s look at the impact from an elder law and incapacity … [Read More]
How Can a Special Needs Trust Trustee Use the Funds?
A special needs trust can make the life of a person with a disability much more comfortable, and the trustee has wide latitude with regard to the nature of the expenditures. We will provide the details here, but first, we will share an overview to provide context. Need-Based Benefits Clearly, people with ongoing health challenges … [Read More]
Study: Nearly Half of Seniors Will Need Paid Long-Term Care
Research from the U.S. Department of Health and Human Services (HHS) and the Urban Institute found that 70% of adults who reach age 65 develop severe long-term care needs. Nearly 48% will rely on paid care at some point in their lifetime. This finding highlights the importance of planning for long-term care expenses. Many seniors … [Read More]
Estate Planning: When a Will Is Not Enough
A will serves an important purpose, but it does not cover every aspect of estate planning. It directs how assets should be distributed after death, but there are limitations and drawbacks. The simple will does not avoid probate, provide financial protection during incapacity, or offer control over how beneficiaries receive their inheritances. A more comprehensive … [Read More]
( By appointment only )