There are a multitude of reasons to have a living trust. We can’t begin to cover them all, but we will touch on three reasons very briefly here. Reason #1: Protecting Property for Certain Beneficiaries When most of us think about estate planning, we think about passing our property to …
–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 …
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.
Your estate plan allows you to plan for who will care for your children, makes sure that your property is transferred to the people you want to have it, determines who will handle the business affairs of your estate, and who will handle the property you leave to your children.
