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Blog
Jun 25, 2015
Transferring property to minor children, such as money or other valuables, can be problematic. Most children do not have enough (or any) experience in dealing with valuable assets so they would be more likely to mismanage it. Third parties, such Read more
Jun 10, 2015
Assisted living is a housing option for elderly people who need help with some of the activities of daily living. The staff at an assisted living facility help residents with a wide variety of tasks depending on the residents level of Read more
May 27, 2015
A Transparent Trust is a trust in which the sole beneficiary (the person receiving the assets) serves as the sole Trustee (the person responsible for managing and distributing the assets). This means an adult child can both receive and manage the Read more
May 8, 2015
An Installment Trust is a type of trust where the assets in the trust are disbursed in installments based on the age of the recipient. For example, a typical payment schedule is to pay the trust property to the beneficiary in three installments Read more
Apr 22, 2015
Definition of Asset Protection Trust
An Asset Protection Trust is an arrangement in which an independent person or financial institution (“the Trustee”) holds the property of your child or grandchild (“the Beneficiary”) for his or her Read more
Mar 27, 2015
Most people do not realize that there are many ways to leave property to your children. For children who do not receive public benefits, these include:
Outright. Your children receive your Read more
Feb 19, 2015
For elderly parents, once simple tasks become harder to accomplish. One of those tasks is financial management. Without help, a parent can become confused and derail his or her retirement plan. Bills go unpaid. Dividend checks get lost. Read more
Jan 29, 2015
When many local families take their parents financial information and meet with a caseworker, they are told their parents do not qualify for public benefits because their income is too high. Their parents may have worked for an employer that Read more
Jan 21, 2015
Happy New Year! Some of you may wonder how much you can give this year without having to file a gift tax return and whether you need to do some estate tax planning. Here are the key figures to keep in mind for 2015:
Estate Tax Exclusion Read more
Dec 29, 2014
On December 12, 2014, The Centers for Medicare and Medicaid Services (CMS) proposed a regulatory change to ensure that legally married same-sex spouses receive the same rights as opposite-sex spouses in Medicare and Medicaid participating Read more
