If you’re young and unmarried, do you really need an estate plan? The answer is “yes,” if you care what happens to you and your stuff. Read on to find out how an estate plan can help someone who is young and unmarried. [Read More]
Special Accounts for People with Special Needs
ABLE accounts provide tax benefits and flexibility to disabled people. ABLE accounts are available to those disabled before age 26. Read on to learn more about ABLE accounts and how they can be used with a Special Needs Trust for maximum advantage. [Read More]
Planning for the Client Moving Overseas
In this increasingly mobile world, clients often spend periods of time living in other countries, or even retiring overseas. How does one address estate planning in this situation? This article explains what to do. [Read More]
New Asset Transfer Look-Back for VA Aid & Attendance Coming Soon: The Window of Opportunity is Closing Quickly!
The Veteran’s Administration is beginning asset limits for qualification for the Aid & Attendance benefit. The limit goes into effect on October 18, 2018. If transfers are made prior to October 18, 2018, they will escape penalties on the transfer and the client would qualify. Read on for more information on this unique opportunity. [Read More]
What Assets Can I Have and Still Qualify for Medicaid in Connecticut?
Many seniors are surprised when they realize they may need to rely on Medicaid to help them cover the often exorbitant costs associated with long-term care. Even more worrisome are the eligibility guidelines that include both income and asset limits. These guidelines can put your retirement nest egg at risk if you find yourself in … [Read More]
Top 10 Tips for Finding the Best Nursing Home
Whether you are considering nursing home care for a spouse, parent, or other loved one, making the decision that nursing home care is necessary is never easy. Once you have accepted that nursing home care is the best option, however, you have an equally difficult task ahead of you – finding the best facility for … [Read More]
Why Do You Need an Irrevocable Trust?
An irrevocable trust can be one of your most important estate planning tools. There are many reasons why you may wish to create an irrevocable trust but there are also downsides that you should be aware of to this type of trust in addition to the advantages. If you are thinking of creating an irrevocable trust, you should … [Read More]
Planning for Lottery Winners, Part 2 of 2
Lottery winners often end up in bankruptcy. Learn how an estate planning attorney can help you avoid mistakes and plan for your newfound wealth. The article looks at ways to protect the wealth and ways to benefit charity and others. [Read More]
What’s a 529 Plan and What Are the Benefits to Using One?
Would you be interested in a way to save money for education and get tax benefits simultaneously? A 529 plan might be what you’re seeking. Find out more by reading the benefits of a 529 plan. [Read More]
Planning for Lottery Winners, Part 1 of 2
A lucky winner recently won $320 million in the lottery. This article looks at an example of a prior winner’s mistakes. The next article in the series will examine strategies for lottery winners. [Read More]
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