Recent Blog Posts
Considering a Medicaid Asset Protection Trust?
Medicaid Asset Protection Trusts: The Basics When you transfer part of your assets to a Medicaid Asset Protection Trust, you can qualify for Medicaid assistance without losing any of the property or income you’ve likely spent years acquiring. To keep your assets from being counted as a potential penalty against you when you apply… Read More »
Special Needs Trusts: How Do They Work?
The main function of Special Needs Trusts are to ensure future aid for a dependent without triggering a disqualification from government aid programs. As is the case with many other kinds of trusts, funds within these trusts are protected from claims of creditors, which includes credit card companies, landlords and other lending institutions. Any… Read More »
4 Ways To Upgrade Your Estate Plan
Everyone has heard stories of famous people who died without a decent estate plan in place. This has been a hot topic in recent years with Prince and Aretha Franklin acting as the unfortunate faces of the phenomenon. But it’s not only freewheeling entertainers. Abraham Lincoln – a lawyer by trade – didn’t create… Read More »
Business Owners Should Always Create an Estate Plan
What happens if you die without leaving a will or estate plan? We can tell you it is probably the last thing you’d ever want. This is because the government is going to decide who receives ownership of your business, rather than choosing a successor yourself. Each state has its own regulations about how… Read More »
Hackers are ramping up attacks on financial accounts
The idea of losing your life savings to hackers is terrifying — and it’s why an increasing number of folks are choosing not to consolidate their retirement assets, even if that move could be financially savvy for them. One particular couple had already been the target of identity theft in the past, then it… Read More »
Should I be concerned about avoiding probate?
Avoiding probate doesn’t have to be difficult. Probate is a court process through which, at the time of your death, your Will is proven to be valid and your Executor is officially appointed. During probate, title your property is passed to the beneficiaries named in your Will. If you die without a will or… Read More »
Help Elderly Loved Ones Avoid Senior Scams
Many of today’s senior scams are so poorly executed that they can often be viewed as ridiculous once you hear the actual voicemail or see the error-filled email, but this is a growing problem. There are various tricks in circulation that are becoming so complex that they may appear to look, sound, or feel… Read More »
Senior Loneliness has Become a Major Issue
A new body of evidence has accumulated just last year showing that senior loneliness has now become an epidemic in our country. Aging adults certainly aren’t immune from this epidemic. In fact, many aging seniors are experiencing loneliness at much higher rates than expected. AARP released a survey in 2019 indicating that over 42… Read More »
SECURE Act has Major Implications for Inherited & Traditional IRAs
President Trump signed the SECURE Act into law earlier this week as part of the government’s new spending bill and experts agree that this will influence most retirement savers in one way or another. Recipients of individual retirement accounts may not actually see their inheritances for more than a decade due to the recently… Read More »
Check in on Elderly Loved Ones During Holidays
With the Holiday season now underway and many families getting together, you might consider this as a unique opportunity to check on your elderly loved ones wellbeing. While we’d all prefer to use these meetings to devote this valuable social time to connecting and catching up with relatives, you might consider using a small… Read More »