An Overview of Some Long Term Care Options
One of the greatest concerns for the elderly we serve and their families is that of long term care. Two-thirds of seniors will need care at some point in their life and many have not planned for this likelihood. It is an emotional and unpleasant Continue reading
Many people believe once they set up a Revocable Living Trust and transfer assets into the Trust, those assets are protected from lawsuits. This is absolutely not true.
While Trusts commonly provide asset protection for beneficiaries – few Trusts protect assets owned by the person Continue reading
Well…in my opinion yes…and it could be a real dog fight! I’ll explain further at the end.
We are discussing a Pet Trust which is statutorily established in Arizona and Utah, where I practice law. For many pet owners, pets are members of the family. These individuals often say that Continue reading
A true and sad story. I was retained by the beneficiaries of a deceased father to settle an estate. Their father had created a Living Trust in another state. Again, I did not create this Living Trust for the deceased father. The beneficiaries were two siblings in their sixties. The Continue reading
Whether you are a physician or not, you probably know that the practice of medicine is a profession fraught with liability – but it seems even the act of walking out your front door has substantial risk these days. Seriously, the normal person has many of the same risks as a physician! Continue reading
Estate planning attorneys are often asked where original estate planning documents – wills, trusts, powers of attorney, and healthcare directives – should be stored for safekeeping. While there is no right or wrong answer to this question, consider the following:
1. Should you store Continue reading
I would like to meet with financial advisors, CPAs, or EAs who need to find an exceptional attorney to refer their clients to — an experienced estate planning attorney who will treat the client like royalty and will expertly inform them of all of their options in a way in which they Continue reading
One of the first things you should do as a newly appointed executor of a deceased person’s probate estate or successor trustee of a deceased trustmaker’s trust is ask the post office to forward the deceased person’s mail to your address. Unfortunately, along with important pieces Continue reading
In a landmark, unanimous decision handed down on June 12, 2014, the United States Supreme Court’s Clark v. Rameker decision held that inherited IRAs (IRAs which are inherited by your children) are not classified as “retirement funds” and can be reached by the creditors of your children Continue reading
Revocable Living Trusts have become the basic building block of estate plans for people of all ages, personal backgrounds, and financial situations. A Revocable Living Trust plan is uniquely suited to make sure that while you are living your assets are properly managed and, after Continue reading