What Is the Difference Between SSI and SSDI?
There are a number of different government programs that are used by people who have disabilities. Some people qualify for SSI, which is an acronym that stands for Supplemental Security Income. Others qualify for Social Security Disability Insurance (SSDI) payments. In this blog post, we will look at the distinctions between these two government programs…. Read more »
What Is a First Party Special Needs Trust?
A first party special needs trust is a type of trust that could be used by someone who is disabled. People with disabilities often rely on government benefits that are only available to people who can prove that they have financial need. One of them is Medicaid, which is a government run health insurance program…. Read more »
What Is an Ethical Will?
Estate planning can be looked at in a couple of different ways. You could do the bare minimum so that you have basic protections in place, or you could go the extra mile and engage in the process of legacy planning. When you proactively shape your legacy, you take control of the way that you… Read more »
What Is the Medicaid Look-Back?
Before we provide an explanation of the Medicaid look-back, we should explain why Medicaid should be on your radar if you are going to qualify for Medicare coverage at the age of 65. It is true that Medicaid and Medicare are both government run health insurance programs. If you qualify for Medicare when you attain… Read more »
Can I Protect My Injury Settlement With a Special Needs Trust?
People with disabilities often rely on government benefit programs that are only available to people with a significant level of financial need. Medicaid provides health care insurance, and this is one of the benefits that people with special needs often rely upon. For income, many individuals with disabilities rely on Supplemental Security Income or SSI…. Read more »
What Is a Family Wealth Trust?
There are many different things to take into consideration when you are devising your estate plan. What is important for one person may not be important for the next, so you should understand the facts and act in a fully informed manner. Personalized attention is of great value, because your plan should be custom crafted… Read more »
What Is a Qualified Personal Residence Trust?
Taxation is a very big factor to take into consideration when you are preparing your assets for future distribution to your heirs. There are taxes on asset transfers in the United States, and these death taxes can erode your wealth considerably as it is being passed on to succeeding generations. The federal estate tax looms… Read more »
Texas Estate Planning Tip Sheet
Tip 1. Your estate is what you leave behind after you die. Everyone has an estate. Whether you are wealthy, old, young, a parent, single, or anything else, you have, or more specifically will have, an estate. Your estate is simply the collection of possessions, money, and other property you leave behind after you die,… Read more »
What Is a TOD or POD Account?
There are numerous different ways that you can arrange for assets to be transferred to your loved ones after you pass away. In truth, the best way to decide would be to discuss everything with an estate planning attorney. There is no reason to expect a layperson to understand all the options that are out… Read more »
What Is an Incentive Trust?
When you are planning your estate, passing along resources directly with no strings attached can be perfectly acceptable for some established people on your inheritance list. At the same time, there could be people in the family who could use some guidance. Under these circumstances, you could consider the creation of an incentive trust. With… Read more »
