There are several different important steps you should take when it comes to the asset protection planning process. One of these includes getting the right help form an experienced asset protection planning attorney. Having the right insurance is an important foundation of your asset protection planning strategy but it is not part of your comprehensive [...]
Since 1963, the month of May has been a time to focus on issues impacting older individuals. In 2016, this focus is on elder law and how an elder law attorney can help the growing numbers of senior citizens accomplish their estate planning goals. Elder law attorneys serve a crucial role by helping you or [...]
It has only been in the last decade or so that more individuals are realizing the serious benefits of asset protection planning. This is primarily due to the fact that more people in the U.S. see the litigious society and the serious risks that an individual could be exposed to with just one lawsuit. There [...]
If you have recently remarried, there are unfortunately more opportunities for uneven distributions and disputes when you pass away. You need to carefully consider the inheritance you have set aside for anyone else as well as any beneficiaries you have named in your life insurance, trust, wills and retirement accounts. It is likely that after [...]
We've already impressed the general importance of business succession planning in numerous blogs, but many people never get to the point of actually accomplishing it because they are falling for one of these three common myths. Myth #1: A Successor is Automatically Ready When I Am Without having this conversation with a successor, you cannot [...]
The Obama administration recently revealed several areas of focus and efforts to limit loopholes that foreign individuals use to hide assets within the U.S. In his remarks, Obama shared that the Panama Papers helped to indicate steps forward the government is taking to have clearer responses to these kinds of issues, and the president is [...]
When you work with an elder law attorney, you get the benefit of knowing that this individual is well aware of the laws impacting you and your loved one and is committed to helping you apply them correctly. There are clear policy guidelines associated with agencies who administer programs for individuals with disabilities and the [...]
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 [...]
