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Learn from the Rich and Famous

Tuesday, August 6th, 2019

If you have family business you want to keep private, we encourage you to work with us to pass along your assets easily, cheaply and privately using a trust-based plan.

Protect Your Stepchildren in Your Plan

Tuesday, July 16th, 2019

In general, a child is not considered the step-parent's legal heir ... so that child is not legally entitled to any of the parent's estate.

Understanding the Guardianship Process

Monday, July 8th, 2019

Planning for incapacity means taking the time today – while you have a clear head – to make decisions about who you want to help you if you need assistance.

Supreme Court Decides Trust Taxation Case

Wednesday, July 3rd, 2019

The Supreme Court decides so few cases that lawyers, courts and agencies will look to this case for guidance on the taxation of trusts and beneficiaries in the interstate context for years.

Will You Be Caught in the Middle-Class Bind?

Wednesday, June 26th, 2019

... too wealthy for government help and too poor to do without it ...

When Your Child Gets Married - Again!

Monday, June 17th, 2019

Even if your child leaves money and assets to a second – or third, fourth – spouse, the money in your trust is separate and goes to your grandchildren.

Is Your Will Clear?

Tuesday, June 11th, 2019

We will never know what the father really intended.

Don't Forget: You Must Fund Your Trust!

Monday, June 3rd, 2019

Trust-based planning requires your active participation in the planning process as well as in funding the trusts we create.

Observation Status and Medicare: Update

Wednesday, May 29th, 2019

The court case  (Alexander v Azar) speaks to the fact that patients have no easy way to challenge the observation status designation – and many patients would save thousands of dollars if they could change the designation. 

Special Needs Trusts Can Help Newly Disabled Manage Income from a Court Settlement

Tuesday, May 21st, 2019

Using the settlement to fund a Special Needs Trust (SNT) is a way to maintain access to government benefits (Medicaid or Supplemental Security Income) and have access to settlement funds.

Finding the Right Care for Your Loved One

Monday, May 13th, 2019

The right place will feel like a home, rather than an institution. Finding the right place will give you peace of mind that your loved one will continue to lead a happy, healthy and safe life.

Avoid These Mistakes When Choosing a Trustee for a Special Needs Trust

Monday, May 6th, 2019

Even siblings often don’t appreciate  what their parents do every day for their brother or sister with special needs.

Understanding Medicaid’s Child Caretaker Exception

Monday, April 29th, 2019

In general, the Medicaid transfer rules prohibit a person from transferring money to someone else exclusively to qualify for Medicaid benefits. But the child caretaker exception allows a parent to transfer his/her house to a child who has been living in the house with the parent for at least two years and providing care that has kept the parent out of a nursing home.  

Estate Planning When Your Child Turns 18

Monday, April 22nd, 2019

If your adult child is traveling abroad and decides to stay, who will sell his car and cancel his lease? You don't have the authority to act for him without preplanning. 

Pros and Cons of The Uniform Transfer to Minors Act

Monday, April 15th, 2019

The big takeaway here is that property titled to an UTMA account belongs to the minor. If the father had established a trust, the property in the trust would belong to the trust, not to Marcus, and would have been shielded (under Delaware law) from bankruptcy proceedings. It would also have protected against divorce, personal injury claims, etc.

Special NeedsTrusts Can Help Newly Disabled Manage Income from a Court Settlement

Monday, April 8th, 2019

Special Needs Trusts allow these who are dependent on public benefits to receive these benefits and maintain some level of financial independence

Five Myths about Estate Planning

Wednesday, March 27th, 2019

I once had a client who needed full-time care and had 10 nurses among her children, grandchildren and nieces who were candidates to provide that care. However, full-time care translated into 21 separate eight-hour shifts to fill every week -- they couldn't do it!

Medicaid – Make My Day!

Friday, March 15th, 2019

Since Medicaid is likely to be in the mix if you need to pay for long-term care, it’s important to sort out fact from fiction. Here are some common misconceptions.

What’s Best for a Person with a Disability: ABLE Account or Trust?

Tuesday, March 5th, 2019

In very broad terms, ABLE Accounts are similar to certain types of Special Needs Trusts (SNTs). They both aim to allow an individual with special needs to save money in a tax-free environment and remain qualified for government benefits from Social Security and Medicaid.

Here are some of the differences between an ABLE Account and a SNT which you should keep in mind as you prepare your child for an independent financial future.

Important Facts about Paying for Long-Term Care

Monday, February 25th, 2019

There is confusion about what long-term care is and how to prepare to access care when you need it.