Conversations with family, friends, and colleagues can sometimes wander into the topic of lawsuits, divorces, bankruptcies, and other threats that put one’s property at risk of loss to a creditor. Such conversations often leave people shaking their heads, asking what the world is coming to, and feeling vulnerable and frustrated. However, an important tool has… Read More »
Posts Categorized: Trustees
Here is a fun and harmless way to mess with your adult children’s minds.
Trusts are effective vehicles for probate-avoidance, asset preservation, and tax planning.
Our legislature has created a new and effective tool for addressing creditor protection concerns. It’s not for everybody, but it can be a very formidable defense against financial losses resulting from unexpected liabilities.
By creating a Charitable Remainder Trust (CRT) and selling assets low basis assets through it, a donor can reap dramatically increased income, get a nice income tax deduction, and benefit a favorite charity. Not a bad way to recover from an IRS-induced April 15 headache.
A sudden windfall can be a blessing or a curse. It pays to structure inheritances carefully so that the people we intend to bless will be blessed indeed.
Here is another featured question from the ElderCareMatters website. It deals with Medicaid qualification.
Another ask the expert question featured at www.eldercarematters.com. This one deals with the portability of estate planning documents and capacity to sign documents.
I was honored by being named the featured elder care expert of the week on the national website, ElderCareMatters.com. Each day, I will be answering questions posed by people from across the U.S. Here is the first question and my answer.
PACE is a little-known program that may offer promising alternatives for elder care.