Medicaid planning involves a careful consideration of an individual’s assets to determine whether or not he or she legally qualifies to receive nursing home benefits for Medicaid. Many individuals who do not carefully consider this process or who do not have other significant resources to support them in their older years such as long-term care […]

  There are several different things that your company can do to make the process of business succession planning that much easier. Putting together your plan once is not enough as you must be able to revisit this on a regular basis and make potential changes as you see fit.  It’s much easier to craft […]

In a recent decision from the Supreme Court, IRAs are no longer classified as protected retirement funds which means that they could be subjected to creditors’ claims if the beneficiary filed for bankruptcy. In the case of bankrupted estates, inherited IRAs could now be classified as assets, meaning that they would be fully accessible to […]

Unfortunately, many seniors who live alone or do not have the opportunity to leave their home on a regular basis may suffer from loneliness. With a rising number of seniors living alone, isolation is a key concern for family members and those providing care. What follows are five tips to help your loved one stay […]

  The tax code on its own is quite confusing but it can become even more complicated when you’re thinking about leaving behind assets for a special needs beneficiary. One of the most common points of confusion in the U.S. tax code has to do with the gift tax. While most people are familiar with […]

Asset protection planning is simply using legal strategies and structures to transform property from that which could be accessible to creditors to at least making it partially protected. There are several tips that you can use to accomplish this goal. Rely on Liability Insurance The first line of defense against any kind of liability is […]

  It is never too early to think about how you want your financial affairs to be handled in the event that you are unable to do so yourself. One of the most popular options for addressing this is putting together a power of attorney for your assets to be given to your siblings, spouse, […]

Giving to charity is always a noble thing, but you stand to make a big difference if you incorporate giving into your estate planning.  Outright Gifts  Using your will or a trust, you can name a charity directly. The benefit here is that it’s the simplest method, and many charities might prefer to receive assets […]

Most physicians are aware that they face an increased risk for litigation and exposure to personal claim attachments. That being said, many individuals make mistakes when it comes to transitioning out of their training and residency into the accumulation of wealth phase of their life. Medical malpractice claims are certainly disconcerting for physicians but individuals […]

When you have put a lot of energy, resources and time into building your small business from the ground up, you might like to imagine that you’ll continue running it for the rest of time. Deep down, however, you understand that this is unrealistic. This is why you need to consider business succession planning now. […]