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
What is a Generation-Skipping Trust?
Here is a fun and harmless way to mess with your adult children’s minds.
What about using trusts to avoid probate?
Trusts are effective vehicles for probate-avoidance, asset preservation, and tax planning.
A New and Powerful Estate Planning Tool: the Hawaii Asset Preservation Trust
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.
Doing Well and Doing Good with Charitable Remainder Trusts
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.
Easy come . . . easy go. Would my beneficiaries behave differently?
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.
Is there a legal way to protect any of my elderly parents’ assets and have Medicare/Medicaid pay for extended nursing home care in the event it is necessary?
Here is another featured question from the ElderCareMatters website. It deals with Medicaid qualification.
My parents moved from Missouri to Georgia; do they need new estate planning documents, and does the fact that my father has Alzheimer’s make a difference?
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.
Who can be named guardian for my wife who has dementia?
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.
Keeping PACE with Elder Care Costs
PACE is a little-known program that may offer promising alternatives for elder care.