Category Archives: Estate Planning

Income-Only Trusts Can Help Obtain Medicaid for Long-Term Care

Perhaps the greatest myth of retirement planning is that you only need to worry about having enough income to take care of basic living expenses. Many a person has retired with a comfortable retirement “salary,” sourced from a 401k, Social Security, an IRA, and perhaps a pension, only to find themselves in financial ruin when […]

Make Every Child a ‘Trust Fund Baby’

There’s a pejorative term for rich kids that you have probably heard on television: the trust fund baby, loosely described as a young person who enjoys a reliable steady income from a trust established by parents. The term brings to mind a spoiled child with a sense of entitlement engendered by not having to work. […]

Three Things You Didn’t Know a Trust Could Do

The beauty of a trust is that it allows the grantor to control assets while putting them outside the reach of taxes and creditors, both during life and after death. There are various and sundry purposes for a trust. You may wish to provide for the care of a child or other loved one with […]

Trusts Can Provide Care for Pets Who Are Like Family

Our pets do a lot for us. They offer unfailing love and companionship, act as wake-up or intruder alarms and even help with household pest control. They can also serve as agents of therapy to aid recovery from emotional trauma or tragic loss. Without a doubt, our loyal pets are invaluable members of our families. […]

Five Essential Documents for Estate Planning

Everybody understands what a will is: a document outlining your wishes for distributing your property after you are gone. But a will may not go far enough to settle all potential issues that may arise, such as providing for loved ones with special needs, attending to healthcare and end-of-life wishes and managing finances upon incapacity. […]