Whether a person knows and can understand the basic things that relate to legal documents is what determines their ability to execute them. The interesting thing is that competency is measured at the time that somebody signs. Why is this so important? People diagnosed with Alzheimer’s typically have good days and bad days, or even […]
Do I Have to Cash In My Investments to Put Them In an Asset Preservation Trust?
The main vehicle we use to help people protect their assets, including investments such as stocks, bonds, mutual funds and CDs, from long-term care costs is called an Asset Preservation Trust. Sometimes, however, when people hear “putting assets into a trust” it leads them to an unfortunate misunderstanding that they will have to cash in […]
Special Insurance Needs For Special Needs Parents
Special needs parents tend to think of themselves as a team asking, “What happens if something happens to us?” But, the focus really should be on what happens if something happens to one of you. What we typically see is that one spouse works and the other one provides or serves as the primary caregiver […]
Common Estate Planning Mistake #19: Failing to change beneficiary designations after death of spouse
After the death of a spouse, or even after a divorce, it’s important to look at and update, if necessary, any beneficiary designations you may have. Too often we see people lulled into a false sense of security by thinking their Will, which may very well cover what happens when each spouse dies first or […]
Will I have to pay gift tax when I put assets into an asset preservation trust?
One of the questions that we often get when we talk about the details of asset preservation trusts is whether or not putting your assets into one, to protect your life savings from long-term care costs, will require you to pay gift tax on it. When people think about gift taxes, they usually just think about […]
- 1
- 2
- 3
- …
- 30
- Next Page »
