How to Evaluate a Nursing Home

Nursing home care is not something that many people always consider as they plan for the future.  However, this kind of care may become a necessity when someone finds they need long-term care.  Whether it is for their own care or that of a parent or other loved one, it can be overwhelming to be… Read More »

5 Reasons to Hire an Elder Law Attorney

Throughout our lives, many of us have needed to hire an attorney.  Early on it may have been that you needed legal counsel for your first real estate purchase or in starting a business.  While later you may have required the services of a family law or tax attorney.  As we enter into our senior… Read More »

Why You Should Consider Long-Term Care Insurance

As you head towards retirement, it is a great time to plan for all of the fun things you want to do.  For many, their list will include planning and taking a major vacation, focusing on hobbies, and spending time with their loved ones.  Another important task which should be on your retirement checklist is… Read More »

Seniors Lose Billions of Dollars to Scams Each Year

We have all heard heartbreaking stories where senior citizens have fallen prey to unscrupulous people who manipulate them into paying money only to find out they have been scammed. Unfortunately, there appear to be countless schemes aimed at taking money from senior citizens.  In fact, seniors lose billions of dollars each year to these types of… Read More »

I Was A Child For A Day . . .

I generally don’t watch the news. Too much focus on all things downbeat, destructive and depressing. That’s just not for me. But as I was flipping through TV channels last week, I stopped to learn more about the sickening school shooting in Parkland, Florida. These young, innocent children went to school in the morning, maybe… Read More »

What is a Grantor Retained Annuity Trust?

What is an Annuity Trust

A Grantor Retained Annuity Trust, commonly called a GRAT, is a special type of irrevocable trust that minimizes the tax liability that usually accompanies intergenerational transfers of estate assets. Under a GRAT, an irrevocable trust is created for a certain term or period of time. The trust creator pays a tax when the trust is established. Assets are… Read More »

What is a Protective Trust?

What is a Protective Trust

“Protective trust” is actually an umbrella term that refers to various types of trusts that are put in place to protect a person’s estate and/or assets from taxation, bankruptcy, lawsuits, or other outside threats. The basic goal of a protective trust (also known as an asset-protection trust) is to ensure that trust income goes to the designated… Read More »

What is a Legacy Trust?

What is a Legacy Trust

Also known as a dynasty trust or wealth trust, a legacy trust is an irrevocable trust that lets the trustor set aside assets for future generations. It is generally considered to be a flexible asset protection and saving option that allows one to use funds for emergency situations while building an estate to pass on… Read More »

5 Reasons to Hire an Elder Law Attorney

5 Reasons to Hire an Elder Law Attorney

We all want to make sure that our elderly loved ones receive the best medical care. Something that is often overlooked, however, is ensuring that our loved ones receive the best legal advocacy as well. An elder law attorney can handle a variety of legal matters, including issues relating to: health care, long term and… Read More »