Many people, hoping to avoid probate, create an estate plan that includes a Living Trust. In order to make this type of plan work to avoid probate, you must transfer ownership of your home (or other real property to the trust). If you have properly transferred your real estate and other assets to your living… Continue Reading
Author Archives: John
10 Things an Estate Plan Can Do For You
Provide support and financial stability to your spouse, children and grandchildren. Preserve your wealth for later generations. Make sure your wishes are carried out when you can no longer manage your affairs. Support a favorite charity. Distribute assets in a timely fashion. Minimize… Continue Reading
Get Serious About Creating Retirement Income
Worried about retirement income? In a recent survey by the American Institute of Certified Public Accountants, 41% of CPA financial planners said that running out of money was their clients’ top financial concern when planning for retirement, and fully 70% said depleting savings ranked among their clients’ top three worries, along with maintaining their current… Continue Reading
The Perils of Doing Asset Protection Planning on Your Own
Dealing with asset protection planning along with long term care planning, is a daunting process. Very complicated state and federal Medicaid laws and regulations present many pitfalls for those who try to engage in that process on their own without working with a competent elder law attorney. A 2015 Medicaid case from New Jersey is… Continue Reading
VA Benefits: Options for a Spouse of a Healthy Veteran
While a spouse of a Veteran may receive VA benefits after the Veteran has passed away, in general, a spouse cannot receive VA pension benefits while the veteran himself or herself is healthy. While the Veteran is living the claim is technically theirs and based on his or her health. However, there is a very… Continue Reading