One of the reasons why you should engage an estate planning attorney is because of the fact that there is an ideal way to address any situation, even those that are out of the ordinary. With this in mind, we will look at the legal device called the qualified domestic trust (QDOT) in this post. … [Read More]
Medicare Eligibility Age Reduction Is Possible
Elder law attorneys pay close attention when lawmakers talk about making changes that impact senior citizens. Medicare is an extremely important piece of the retirement planning puzzle, and any movement with regard to the guidelines is going to be big news. We are hearing a lot of chatter about a reduction in the Medicare eligibility … [Read More]
What Are the Special Needs Trust Spending Guidelines?
We are going to explain how the trustee can use the funds in a special needs trust in this post. But before we focus on this particular detail, we will provide a broader overview so you understand why these trusts are utilized. Preservation of Government Benefit Eligibility Let’s say that you have a person with … [Read More]
An Overview of Life Estates
There are different ways to facilitate asset transfers after you are gone, and you should understand the options for two related reasons. On one side of the coin, you make informed choices when you understand the facts, and on the other side, you avoid mistakes. With this in mind, we will look at the pros … [Read More]
Can a Trust Protect Assets From Future Creditors?
Many people that own businesses and individuals that are in high risk professions are vulnerable to legal actions. You never know what the future will hold, and with this in mind, it is important to consider an asset protection strategy. There are different ways to proceed, and the optimal course of action will depend upon … [Read More]
A Shared Living Trust May Be the Right Choice
If you are married, you and your spouse can choose to create separate estate plans, or you could alternately create a joint will or living trust. The right choice will depend on the circumstances and your ultimate intentions. A separate arrangement can make more sense if both parties have children from previous marriages and they … [Read More]
CHCPE Can Provide In-Home Care Solution
When you start to reach an advanced age, you may find it difficult to take care of all your day-to-day needs. An assisted living facility may enter your mind when you think about the subject, but you probably do not want to leave the comfort and familiarity of your own home. This is fully understandable, … [Read More]
SSI vs. SSDI: Are There Any Differences?
There are some misconceptions about the government disability programs that carry similar sounding acronyms. In this post, we will explain the distinctions between SSDI and SSI. Social Security Disability Insurance (SSDI) When you earn income, you pay self-employment or payroll taxes that go toward future eligibility for government benefits for seniors. There is a retirement … [Read More]
Answer These Questions to Develop Your Estate Plan
In this post, we will provide four questions for you to think about. When you come up with the answers, you will have a better idea of what your estate plan will look like when you take action. Are estate taxes going to be a concern? Most of the tax laws are favorable when it … [Read More]
Have You Considered Your Final Arrangements?
A well-constructed estate plan will be holistic in nature. You make sure that each and every one of your loved ones will receive their inheritances in the best possible manner, and you attend to other details. One of these details is the matter of your final arrangements, and you can ease the burden on your … [Read More]
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