If you fall into the baby boomer generation or you’re caring for an aging parent who is, you’re part of a nationwide shift that will alter the focus from retirement planning to end of life care in the next few decades. As baby boomers transition into retirement, their initial concerns tend to be about the […]

In order to put the proper elements in place for your succession planning, you should be in tune with critical metrics for the business. There are several different factors that you should explore with regard to your succession planning. If you’re an owner of a business, here’s the steps to take before you create and […]

Even though it might seem overwhelming and confusing, there are six key steps you can take to have a solid estate plan in place before you exit the U.S. Here’s what to do when you’re planning to leave.  Review Your Estate Plan in Full You’ll become subject to local laws about estates when you establish […]

It’s so common for small business owners to love their work so much that they it might not even be on their radar to think about retirement. As a recent inc.com article points out, though, you might be tempted with an offer you can’t refuse at any point in your business. Are you prepared if […]

Have you ever heard the phrase “the best offense is a good defense”?  It doesn’t matter how intelligent you are or how in tune you are with business, this often gets overlooked when it comes to protecting your wealth. Consulting with an estate planning specialist can help you identify the best way to protect your […]

Usually, it’s Medicare that gets the bulk of news coverage, but Medicaid is still quite confusing for many people. Here are some of the most common misconceptions about Medicaid.    You Must Be Poor to Get It Medicaid helps people qualify for long-term care, and it’s true that you cannot have more than a specific […]

A common misconception holds that living trusts are only for the very rich. The belief may stem from history; in the 16th century Britain kings often controlled their lords’ power by seizing and distributing their lands as they died; the structure of a trust allowed circumvention by deeding property to the church, with the understanding […]

Last week on the blog we discussed how, when done properly, Medicaid planning is just a piece of the estate planning puzzle rather than an underhanded way to skirt government regulations. Unfortunately, there’s still quite a perception out there that Medicaid planning is somehow dubious and trying to capture as much of the government’s money […]

Are you aware of the Aid & Attendance benefit that is available to veterans and their families? The Department of Veterans Affairs has offered this special benefit for more than sixty years, but it seems to get overlooked a lot. So, I’d like to spend some time discussing how this benefit could help a veteran […]

Although there are certainly trends in business succession, this doesn’t always mean that the general approach is the best one. Planning ahead and carefully considering the implications of any one choice is the best way to approach this delicate subject. In the past, it would have been assumed that it’s best to keep the business […]