Most younger adults do not have estate plans in place, and many of them are the parents of minor children. Some people are simply remiss, but there are those that are unprepared because they don’t know how they would leave an inheritance to a child that cannot handle money. In this post, we will … [Read more...] about How Can You Leave an Inheritance to a Minor?
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These Three Estate Plan Details Are Easy to Overlook
Everyone knows that you have to draw up a will or a trust to facilitate asset transfers after you are gone. This being stated, there are some finer details that should be attended to when you are devising your estate plan, and we are going to look at three of them in this post. Advance Directives … [Read more...] about These Three Estate Plan Details Are Easy to Overlook
Elder Law: Challenges for Sandwich Generation Members
There is a very significant demographic shift underway at the present time, and it is having an impact on countless families. During the years that immediately following World War II, an unprecedented number of babies were born. This phenomenon has come to be known as the baby boom, and these … [Read more...] about Elder Law: Challenges for Sandwich Generation Members
Inheritance Planning: Protecting a Spendthrift
When you are planning your estate, you may have concerns if you will be leaving an inheritance to someone that is not good with money. If you name them in a simple will and provide a lump sum inheritance, they could burn through it too quickly and have nowhere to turn later on. These situations … [Read more...] about Inheritance Planning: Protecting a Spendthrift
Estate Recovery and the Supplemental Needs Trust
Many people with disabilities receive their health insurance through the Medicaid program. These folks also qualify for Supplemental Security Income (SSI), which is self-explanatory. The maximum SSI benefit in 2022 is a modest $841 a month. As estate planning attorney, I advise clients that want … [Read more...] about Estate Recovery and the Supplemental Needs Trust
Is Long-Term Care Insurance a Good Purchase?
You should be aware of the potential impact of assisted living costs when you are planning ahead for the future. About 70 percent of elders will need help with their activities of daily living, but some folks will be able to get the helping hands that they need from unpaid family members and … [Read more...] about Is Long-Term Care Insurance a Good Purchase?
