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.

Selecting a Good Trustee - Factors to Consider When Choosing a Trustee

How to select or choose a good trustee. What are the factors to consider when choosing a trustee? Who are some bad trustees? Consequences when the grantor names himself trustee. Co-trustees and trust protectors can ease responsibilities. Mentions testamentary trust, testor, settler, trustor, grantor, inter vivos trust, corporate trustees, trust companies, bank trustees and family members, accountants and lawyers as trustees.

Grantor Trust - What is It?

How the grantor trust relates to the trust contract. What is a grantor in a trust? The living revocable trust by the grantor does not provide asset protection nor avoid estate taxes. The grantor benefits when setting up an irrevocable trust.

Your Estate Planning Attorney Is Ripping You Off - By Doing His Job!

How your estate planning attorney is accidentally ripping you off! How to save a lot of money on attorney consultations fees.

Estate Planning and the Enduring Power Of Attorney - Changes Imminent

It can be hard to imagine that you may not be able to look after yourself at some point in the future. As most of us are only too aware though, the chances of this situation arising is likely. But who will look after your financial affairs? And how will it all work, especially if your situation deteriorates quickly? Let's look at the options available to you-

What is Values-Based Wealth Planning?

No one over age 18 today will live to see the end of the 21st Century. The legacy you leave your children will be reflected in the values they learn about the role of money and property. Here are ways to plan that give your heirs a perspective that extends far beyond the dollar value of what you pass on to them by way of a financial inheritance.

Medicaid Estate Planning: Maximize Your Results

Medicaid Estate Planning: The 5-year look-back provisions where seniors must sell all assets 5 years before entering a nursing home. What can be gifted for Medicaid asset protection.

Offshore Asset Protection

Offshore asset protection strategies to protect your savings, investments

What Is A Children's Trust, And Why Should I Include One In My Will?

A Children's Trust included in your Will will provide for your children's care, support and education until they reach the age of eighteen. Simply done, and an insurance in the event of an untimely death.

Special Needs Children Need a Special Needs Trust

Many parents worry about providing for a child with emotional, physical or mental challenges as they grow up. If the child is receiving government benefits, careful planning can provide for the child without disrupting your own retirement planning or the flow of government paid benefits for the child after you're gone.

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.

Selecting Trustees and Executors - Some Considerations and Ideas

Selecting an executor or trustee is often the last consideration when preparing an estate plan. When planning out a will or trust, it seems so much more important and interesting to decide how the property is to be given away! Oftentimes, the issue of who takes the reins as the executor or trustee takes a back seat to these other issues. But little is more important.

Financial & Estate Planning For the Dual Income Family

In today's world, it is more common than ever to find dual income households. Recent estimates by the Department of Labor find that women comprise around 47 percent of the American workforce. Compare this percentage to 1960 accounts estimating women in the workplace at around 33 percent. Because of the proliferation of working women, special planning is necessary to properly address the issues faced by households where both spouses work.

Estate Planning: Make Sure Your Wishes are Honored

A medical power of attorney and living will are crucial estate planning steps, and like long term care insurance, must be set in place early in life for optimal protection.

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.