Estate - To Trust Or Not To Trust That Is The Question!

Living Trusts have become very popular and are being heavily promoted to seniors. Should you Trust or not Trust? That is the question. Read on to learn some simple guidelines that will help you know whether a Living Trust may be right for you and how to go about getting one if needed.

Estate - Clearing Up Estate Document Confusion

Few topics confuse investors more than figuring out what estate-related documents they need. Living Wills, Living Trusts, and Powers of Attorney are just a few of the terms that most find hard to define, let alone understand.

Beneficiary of a Trust

What is a beneficiary of a trust? Describes basic categories of the exercises of the beneficiaries' rights, two main categories of sequential interests of a beneficiary, the two beneficiaries from the trustees perspective. How the beneficiary relates the to the trust contract? Defines bare trust, express trust, tenant for life, remainderman, fixed beneficiaries, discretionary beneficiaries, simple trust, will trust, testamentary trust, inter vivos trust.

Trustee of a Trust

What is the trustee of a trust? What is the accountability of a trustee and the fiduciary relationship to the beneficiaries? How does the trustee relate to an irrevocable trust? What's a trust protector?

Inheritance Tax Saving Wills - Not Just For The Very Rich!

Inheritance Tax is a subject which most people think of very infrequently if at all. The attitude is normally that it won't apply to me - it's just something for rich people to worry about - or that I'll be dead so it won't worry me anyway. The fact is people don't like thinking about death at all, let alone any financial consequences!

Medicaid Nursing Home Spend-Down Program: 5-Year Look Back

The Medicaid nursing home spend-down program mandated by the government has 5-year look back provisions placing financial devastation on senior elderly couples and the next generation baby boomers. What are the government's Medicaid long-term care plans? Is reverse mortgaging an option? Pros and cons of a reverse mortgage. Plan ahead with solid Medicaid estate planning and protection.

What is Unclaimed Inheritance? Am I Owed Any?

Are you aware there is over 35 BILLION dollars in unclaimed money in the United States and some of it is unclaimed inheritance? This money sits in the state or federal unclaimed money pools until the rightful owner claims it. The problem is the account owners of unclaimed inheritance accounts usually don't know the money even exists so the money just sits and sits and sits-

Asset Protection Trust

About asset protection as trust; Define Grantor.

What Is A Protective Property Trust-And Why Should I Consider One?

There is a way of making sure that your relatives will inherit something in the event of the surviving partner having to go into care.

Choosing the Right Trustee

The success of a trust to accomplish estate planning goals depends on how well the trust is managed. That success depends on the abilities of the person (or institution) named as the trustee. You'll want to choose this trustee very carefully, as he or she must weat many hats.

Estate Planning in Light of a Remarriage - Ensuring the Care of Your Children

The staggering amount of divorces that occur in today’s society is all too well known. Depending upon the circumstances that lead to the break-up of any marriage, one may think that getting into another such arrangement would be out of the question. However, this is not always the case. In fact, the Stepfamily Association of America reports that about 43% of all marriages are remarriages for at least one of the adults, and of these, about 65% involve children from a prior marriage.

Top Asset Protection Strategies

Contrary to popular beliefs, asset protection does not mean hiding assets, and is not a trick to evade authority. Asset protection also does not involve deceptive agreements or fraudulent transfers. It is simply smart and safe financial planning. It uses the cunning of business and tools of financial planning to safe guard your assets from being extracted by outsiders who do not have any right to or claim on your hard earned money.

Asset Protection - Why Do You Need It

With your growing financial portfolio and asset, it is imperative that you take steps to protect your assets. A practical solution for creating an additional umbrella of security for your family is to take advantage of asset protection that minimize the risk of losing your assets or being taxed heavily.

Planning Ahead For Your Senior Years

When the diagnosis is Alzheimer's disease, the ability to manage your own affairs will decrease over time. Making adequate, informed decisions about your personal business and your health will become more difficult. But, early legal planning lets you choose a person to manage these things for you, according to your wishes.

Durable Powers of Attorney

One of our greatest frustrations as elder law attorneys is not being able to help families implement strategies that would qualify their loved one for Medicaid and protect family assets because a power of attorney is insufficient to allow us to do what we need to do. Therefore, we thought it would be beneficial to address durable powers of attorney in this issue.