People who are involved in small business partnerships have some unique realities to address when they are planning for the future that those who work for others don’t have to concern themselves with. When you have a significant stake in a business that investment may well represent the lion’s share of your estate, but extracting … [Read More]
Simple Asset Transfer With POD Accounts
Planning for the latter stages of your life and the ultimate distribution of your assets after you pass away is a multi-leveled endeavor to say the least. For this reason it is usually going to be necessary to execute a number of different documents and utilize multiple financial instruments in an effort to optimize your … [Read More]
Spending Down For Medicaid Purposes
Perhaps the most profound story in the elder law community at the present time is the high and rising cost of long-term care. As of the end of 2010 the national average cost for a year in a private room in a nursing home was close to $85,000, and the annual fee for residence in … [Read More]
Do You Have Advance Directives In Place?
There are those who think that they do not need to have an estate plan in place just yet because they don’t have significant financial resources to pass on to their loved ones and don’t have a spouse or children depending on them. And it is certainly true that estate planning becomes more and more … [Read More]
Medicaid & The Rising Costs Of Long-Term Care
The rising costs of long-term care are relevant to anyone who is planning for the future, but just how likely is it that you will ever need this kind of care? In addition, once you reach the age of 65 there’s a 50-50 chance that you will live beyond the age of 85. When both … [Read More]
Probate Avoidance: Save Time & Money
To break estate planning down to its most basic form, most people would like their assets to wind up in the hands of their loved ones quickly, efficiently, and inexpensively. You may think that drawing up a will and making your wishes clearly known will achieve this end, but unfortunately this is not always the … [Read More]
Estate Planning Is Relevant to You
When you evaluate your responsibilities as an adult it is only natural that you would prioritize matters that seem to be more immediately relevant and place those “that can wait” onto the back burner. The problem with this line of thinking is the fact that you really can’t say with any certainty exactly what it … [Read More]
Getting Started On Your Estate Plan
When you decide to take on a big task involving something that is new to you it can be difficult to get started because you are entering the realm of the unknown, and for most people estate planning fits this description. But it is said that the proverbial journey of 1000 miles begins with a … [Read More]
Estate Tax & Grantor Retained Annuity Trusts
It is important to retain the services of an experienced estate planning attorney rather than going the DIY route or engaging the services of a general practicioner because it takes time and focus to understand the best way to position certain types of assets. Each estate is different and every family is unique, and a … [Read More]
Consider Writing Your Memoirs
The financial aspects of estate planning are self-evident, but when you are taking stock of the broader part of your legacy you may feel as though you would like to leave behind something more. We have all had the experience of providing guidance or advice to family members who have come to us with problems … [Read More]
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