Blended families � With no estate plan, your assets may not go to children of different marriages as you may have wished. Family members with special needs � With no estate plan, a child or other family member with special needs may be put at risk for disqualification for Medicaid or ...
Discover how and why to start a trust fund, what the process entails and pro pointers to avoid steep setup expenses and other common pitfalls.
Estate Planningfor individuals and families to plan legacies and protect assets Medicaid Planningto protect your assets from nursing home spend down Special Needs Planningto protect one's government assistance and inheritance Trust Administrationto protect survivors’ assets after the trustmaker has passed...
Does a Will Avoid Probate? No, not usually. A will is often called a “ticket to probate”, meaning that it only governs assets that would normally need to pass through the court process of probate in order to be passed on to the intended beneficiary. The answer to this question largely...
To help you learn just what these things are and ensure that you’re able to avoid overheating this year, here are three ways to stay cool in the summer when you don’t have a/c at home. Keep Yourself Properly Hydrated Even if there’s nothing that you can do about the external temp...
Structuring Medicaid Accountable Care Organizations to Avoid Antitrust Challengesaccountable care organizationsMedicaid accountable care organizationsantitruststate actionclinical integrationFaced with increasingly inefficient, costly, poor quality, fragmented medical care for their citizens, several states are ...
up the trust. When we move assets into the trust, we can wave that green flag to start the five-year race and then once we make it five years, we can wave a checkered flag, because now 100% of what we put into the trust is protected from that nursin...
Trusts may also be able to optimize estate tax planning. Protect your privacy. Unlike a will that goes through probate court, which leaves public records, trusts are private. That means they avoid probate. If you want to make sure that people in your extended network—or the media, if you...
recipient. Assets in the testamentary trust may be used to pay for medical expenses that are not covered under Medicaid, such as specialist evaluation, special equipment, or additional therapy. Under a testamentary trust, the value of assets will not factor into the spouse's Medicaid eligibility...
A blind trust can be arevocabletrust, meaning the trustor can make any changes to the trust, trustee, and terminate the trust. A blind trust can also be anirrevocabletrust, which means nothing can be changed once it has been established. Whether the trustor would set up a revocable or irr...