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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 »
Before we address the question that serves as the title of this post, we should provide some background information about Medicaid, Supplemental Security Income, and the plight of disabled individuals. Need-Based Government Benefits Medicaid is a jointly administered state/federal government health insurance program that can potentially be available to financially needy individuals. Because it is… Read more »
The Medicaid program will pay for long-term care. You may hear this statement and shrug your shoulders, because you will never qualify for Medicaid, and you will qualify for Medicare by the time you require living assistance. This reaction makes sense on the surface, but when you dig into the facts, you will see a… Read more »
A living trust as an estate planning vehicle that provides a number of different benefits, but this type of trust would not be the ideal choice under certain circumstances. We will look at the details in this blog post. The Benefits In a general sense, a living trust can be a good choice for you… Read more »
A properly created and funded revocable living trust is one of the best estate planning tools available today. Though not everyone needs a living trust, these tools are excellent for anyone who wants to ensure they keep their affairs private, avoid probate, and limit how much their estate will have to pay to wrap everything… Read more »
Regardless of the kind of trusts you choose to incorporate into your estate plan, you should plan on creating a trust inventory. Every trust you create will involve taking some of your property and transferring it into the trust’s name. This process, called funding, can be simple or complicated depending on the type of property… Read more »
