Planning for the Silent Thieves: Dementia, Alzheimer’s and Parkinson’s Disease

I search your eyes, So empty and blue, Hoping for a flicker Of what used to be you.1 If you are the wife, husband, son or daughter of someone with, dementia, Alzheimer’s disease or Parkinson’s disease, you may be overwhelmed emotionally, physically and financially.  You are consumed with the day-to-day care, behaviors like agitation and… Read More »

Special Needs Trust Planning

Planning for the future of a child or another loved one with a severe disability often requires family members to become well versed in different government benefit programs. When the individual’s disability is expected to prevent them from working or being able to fully support themselves as an adult, these public resources can be of… Read More »

Legacy Trust and Your Family

Someone preparing an estate plan often wants to designate that certain funds, possessions, and resources be passed on to family members.  When there are significant assets, the individual may wish to leave their estate in a manner which can continue to generate income and increase in value for the benefit of their family continually.   In… Read More »

Trust

Common Problems of Trustees in Trust Administration

Trust can serve a variety of functions such as preserving family assets, avoiding estate taxation, and keeping wealth out of the probate process.  While these invaluable legal constructs can serve to protect what you have built their management can be complicated.  Here are some common problems of trustees in trust administration. The Trustee When a… Read More »

Irrevocable Trusts and You

Trust can be a mysterious concept.  While many of us have heard of a trust, we may not understand the different types and how they may be advantageous for our circumstances.  One key consideration when planning a trust is whether it will be revocable or irrevocable.  In many cases, when an irrevocable trust is a… Read More »

Irrevocable Trust: How do they work and how can they be used?

When creating a trust, an important distinction is whether the trust will be revocable or irrevocable.  In fact, this determination can have broad-reaching tax consequences and legal ramifications.  In many cases, a properly created irrevocable trust will offer the benefit of tax savings and protection from creditors.  However, in order to benefit from an irrevocable… Read More »

Trust

Contesting a Trust

For some, creating a trust is a valuable and important piece of their financial and estate plans.  By placing estate assets into a trust, the creator of the trust can be sure that their assets will be able to benefit certain specifically named trust beneficiaries.  Ideally, the trust will have been created in a manner… Read More »