All of us have the need to protect our assets; after all, we’ve worked hard for what we have and we want to be sure there’s something left after we’re gone. Asset protection planning is simply the effort of protecting what you’ve worked for from potential creditors. Don’t mistake the intent: it’s not about hiding assets to avoid paying taxes, nor is it fraudulent or illegal. Instead, it’s about covering your financial bases. These days, it’s increasingly difficult to maintain those assets … [Read more...] about Estate Planning and Asset Protection Planning
With the recent Supreme Court ruling that allowed gay marriages, along with the new healthcare laws that are soon to be in full effect, there's a lot to take in when it comes to asset transfer rules, benefits, estate planning, and of course, Medicaid. First, let's take a look at the Supreme Court's recent ruling on same sex marriages. The Social Security Administration (SSA) and the Veteran's Administration (VA), in recent weeks, have begun issuing guidance for all things related to the … [Read more...] about The Latest on DOMA, Medicaid & Asset Transfer Rules
Special needs trust are documents that are put into place to protect anyone who’s disabled. They can be part of a “total package” approach that goes with that person’s will and estate plan, or it can a single document serving a single purpose. The Intricacies of Special Needs Trusts Many are unsure of what kind of attorney handles a special needs trust, and the answer is found with estate planning attorneys. These lawyers are well-versed on the various laws and regulations surrounding special … [Read more...] about Special Needs Trusts
Whether or not you have a disability, work is important for most people. It provides purpose and a way to participate within a larger community. Meaningful work benefits people both mentally and physically. It provides a means of sustenance, self esteem, and self sufficiency. Work is important. It is important to those with disabilities, as well as to older adults with chronic conditions if they want to work. Everyone has certain strengths and interests. Sometimes jobs need to be individually … [Read more...] about Meaningful Work Benefits Disabled and Healthy People Alike
With health care costs on the continual rise it is important to begin your Medicaid planning ahead of time. Planning for the unknown can stir up a multitude of emotions and fears, but if you do not plan ahead for you and your loved ones your estate can be left vulnerable. Taking The First Step To begin you want to have a clear understanding of what benefits are available to you through your private insurance, long term care insurance, Medicare, and Medicaid. If you are a Veteran you may … [Read more...] about Begin Medicaid Planning Today
If you have heard of Elder Law but are not sure of what all it encompasses you are not alone. Elder Law is the practice of assisting older adults and their families with the common legal concerns that arise. Here are some of the most common areas that and Elder Law attorney can assist you in: Preparing Documents—This includes creating Wills, Trusts, assigning financial and medical Power of Attorney’s. Navigating Probate—Probate is the legal process in which your estate passes through … [Read more...] about What Exactly Is Elder Law?
Whether your business is small, medium or large there are certain functions that are best handled by a legal professional. Having a designated Business Planning attorney will prove invaluable for both your long-term success and implementing preventative measures. Here are some areas in which Business Planning with an attorney are valuable: Creating your business plan and counseling on the speed in which you expand. Drafting non-competes, partnership agreements, and HR … [Read more...] about Business Planning & Preventing Legal Disasters