Gerry Recommends
“5 Questions To Ask Before Hiring A Personal Or Business Lawyer”Before hiring a personal or business lawyer to guide you, your family or your business, ask these 5 questions to ensure that you don’t end up paying a whole lot of money for services that are not what you need, …
After 30 Birthdays…
So your Child is Turning 18 … What do you need to know?
–Written by Gerry Kane So your child is graduating high school and moving on to college and I’m sure you are so proud. As soon as your baby turns eighteen the child now makes their own health care decisions, you as a parent can’t receive confidential medical information and if …
Feng Shui eZine…Marriage… and the Purple Belt
We have a new look to our newsletter, and I hope you like it as well or better than our previous format. We want to offer some more content that is difficult to access through an email, so we are bridging it through to our blog. And we’re going to …
Proactive Medicaid Planning-A Smart Move for your Family’s Future
Pro-active planning, in advance if possible, can help protect what you’ve worked so hard for so you can leave it all to your family instead.
Pro-active planning for long-term nursing care can be done in one of two ways: 1) purchasing long-term care insurance or 2) by making sure your assets are structured so you are fully eligible to receive the benefits you’re entitled to under the government’s Medicaid programs.
What If…
Most people start the process of estate planning to deal with “What If”. What If you died and your children were still too young to care for themselves? What If you were no longer physically able to care for yourself? What If you had very specific instructions for how your …
When It Comes To A Supplemental Needs Trust, Out of Sight Should Never Be Out of Mind
You’ve been a responsible planner for your family’s future, especially your child with special needs.
You’ve met with an attorney, set up a Supplemental or Special Needs Trust and you can breathe a sigh of relief. Your work is done, right?
Wrong.
Funding and forgetting about a Trust can be as detrimental as not forming one at all. And having one that isn’t properly written can render it completely useless.
Supplemental Needs Trusts (sometimes called Special Needs Trusts) allow people with mental or physical disabilities, or even people with chronic or acquired illnesses, to have unlimited assets held in Trust for their benefit. If you have a child, grandchild, or even a spouse with a disability, a Supplemental Needs Trust can ensure that they have the funds they need to maintain their lifestyle after you’re gone.