Articles

Joint Ownership Fraught With Peril

Many people, including most married couples, use joint ownership of their assets as their own self-made mini estate plan. Sometimes joint ownership works to transfer assets upon death. Quite often joint ownership does not work because a joint owner gets …

Read More

IRAs & Beneficiaries

Most people name individuals as direct beneficiaries of their IRAs or other retirement plans. However, by naming a qualified trust as a beneficiary, your heirs could not only save taxes, but also have creditor and other protections. Qualified trusts are …

Read More

Medicaid Eligibility-Top 8 Mistakes

1. Thinking it’s too late to plan.

 It’s almost never too late to take planning steps, even after a senior has moved to a nursing home. 2. Giving away assets too early.

 First, it’s your money (or your house, or …

Read More

Is Equal Fair

Most parents want to treat their children fairly in giving lifetime gifts or a share of the parents’ estate. Many children believe that they are “entitled” to equal lifetime gifts and equal shares of their parent’s estates. However in this …

Read More

Disability and Financial Powers of Attorney

Have you ever thought about what would happen to your real estate, bank accounts, investments and other property (your “stuff”) if you could not take care of them because of incapacity due to an accident, illness or injury? How would …

Read More