-
Understanding Living Trusts
January 1, 2023Contrary to what you've probably heard, a will may not be the best plan for you and your family. That's primarily because a will does not avoid probate when you die. A will must be validated by the probate court before it can be enforced.
Read More -
What Are Medicaid Asset Protection Trusts?
January 1, 2023If your assets are above the resource limit that would allow you to qualify for Medicaid, you may be able to engage in planning that will allow you to qualify for Medicaid. This planning often involves establishing a Medicaid Asset Protection Trust (MAPT) or an equivalent planning device permitted under your state’s laws.
Read More -
What Is the Difference Between a Living Will and a Do-Not-Resuscitate Order?
January 1, 2023It is a very good idea to create advance directives in order to plan for the possibility that you may one day be unable to make your own medical decisions. In doing so, there can be confusion about the difference between a living will and a “do-not-resuscitate” order (DNR). While both these documents are advance medical directives, they serve different purposes.
Read More -
When to Sell Your Home: Before or After Moving Into Senior Living?
January 1, 2023For seniors considering a move into senior living communities, one critical decision revolves around the timing of selling their current home.
Read More -
Why an Irrevocable Trust May Be Superior to Gifting
January 1, 2023Although setting up an irrevocable trust lacks the simplicity of giving a gift, it may be a better way to preserve assets for the future.
Read More
