by Randy Coleman | Oct 27, 2014 | Disability Planning, Elder Abuse, Elder Care, Elder Law, Estate Planning, Financial Abuse of the Elderly, Guardianship, Health Care Power of Attorney, Long Term Care, Medicaid Planning, Nursing Homes, Personal Care Contracts, Retirement Planning, Special Needs Trusts, VA Aid and Attendance, Veterans Pension Benefits |
This post will discuss a debilitating condition that many Americans eventually face as they age: dementia. First, we will describe what dementia is and what it isn’t. Then we will turn our focus to its costs to the individual, the family and our nation. As Elder...
by Randy Coleman | Oct 21, 2014 | Estate Planning |
A common misconception is that only wealthy families and people in high risk professions need to put together an asset protection plan. But in reality, anyone can be sued. A car accident, foreclosure, unpaid medical bills, or an injured tenant can result in a...
by Randy Coleman | Jul 30, 2014 | Estate Planning, estate tax, Estate Taxes, Revocable Living Trusts |
Are you married and is the last time you and your spouse updated your estate plan more than a few years ago? Then chances are your estate plan contains good old “AB Trust” planning (also called “Marital and Family Trusts” or “QTIP” and “Bypass Trusts”) which, up...
by Randy Coleman | Jul 28, 2014 | Estate Planning, Life Estates, Probate, Titling of Assets |
Many individuals use life estate deeds in an effort to avoid probate and eliminate the need to hire an attorney to prepare a last will and testament, or a trust. Unfortunately, when someone uses a life estate deed, they lose control over the distribution of their...
by Randy Coleman | Jul 2, 2014 | Asset Protection, Beneficiary Designations, Estate Planning, Exemption Planning, Individual Retirement Accounts, IRAs, Irrevocable Trusts, Retirement Accounts, Retirement Planning, ROTH IRAs |
A couple of weeks ago, we talked about the landmark, unanimous 9-0 decision handed down on June 12, 2014, in which the United States Supreme Court held that inherited IRAs are not “retirement funds” within the meaning of federal bankruptcy law. This means they are...
