Estate Planning

A life estate often comes up in discussions of estate and Medicaid planning. It is a form of joint ownership that allows one person to remain in a house until their death when it passes to the other owner.

Medicaid 101

Gifting assets to your grandchildren can help them get a good start in life — it can also reduce the size of your estate and the tax that will be due upon your death. You can accomplish this in different...

Elderlaw 101

There are some serious drawbacks to many options for giving gifts to grandchildren. Either there are no tax or estate planning advantages, or you have no control of the funds (or lose control after a certain point), or the money...

Elderlaw 101

Many people are unaware that there is coverage to help families lay their loved ones to rest. Depending on your state, Medicaid may cover some funeral costs and other final expenses.

Medicaid 101

Life estates can be an excellent tool for Medicaid planning, probate avoidance, and tax efficiency, but there are potential problems and risks to understand before creating one. Is a life estate right for you?...

Medicaid 101

A durable power of attorney is an extremely important estate planning tool, but many people delay completing this vital estate planning step until it’s too late and they no longer are legally capable of doing it.

Elderlaw 101

A power of attorney allows a person you appoint - your attorney-in-fact or agent - to act in your place for financial or medical purposes if you ever become incapacitated or can't act on your own behalf.

Elderlaw 101

A trustee is the person or institution appointed to manage a trust on behalf of beneficiaries of the trust.

Elderlaw 101

When planning your estate it is important to understand the difference between probate and non-probate assets.

Elderlaw 101