Posts by MeurerLawAdmin

When such a claim occurs, it’s important to already have your assets properly classified. Our state’s current asset protection laws allow you to keep the following: $60K in home equity, rising to $90K if you over sixty years old $5K in vehicle equity – double this amount if you are married $3K in household goods;…

There can be an understandable reluctance among families to seriously discuss with a loved one what should happen after that person passes. One way to help alleviate such an outcome is to create a Disposition of Last Remains document. This allows you to clearly state your own preferences, helping to prevent disputes or uncertainty amongst…

A key reason why some people prefer an RLT is that, unlike a will, it means that there is no need to probate your estate. Also, assets can be passed directly to the beneficiaries immediately after your death. A Revocable Living Trust, unlike public probate records, remains private. Should you, sadly, ever become incapacitated, it…

Insisting that age is just a number won’t shield you from growing old and feeling the signs of old age both mentally and physically. You do not have to wait until you start to feel old to start a self-care routine. You should start preparing for the inevitable in your 40s or 50s. There are…

When planning your will, you want to be sure that you plan it so you can avoid undue influence claims that could arise. Here are a few ways you can do that: Include a revocable or living trust. These are harder to challenge. Make sure that you establish competency. If you can show that you…

A CRT allows you to convert certain key assets, such as real estate investments or stocks held, into a lifetime income while avoiding paying Capital Gains Tax when the asset is eventually sold. At the same time it reduces both your income and estate taxes, while also allowing you to help a charity, perhaps one…

If you have a loved one who has special needs, or you want to ensure that your child’s well-being is looked after should you pass away, then a Pooled Trust is worth considering. As with the D4A Trust, assets held in this way are not part of the equation to determine that person’s eligibility for…

It’s a subject many people shy away from, but with potential costs of up to $12,000 each month, it’s wise to consider it carefully and, if possible, well ahead of such care becoming a necessity. Many people believe such costs are manageable through various insurance options, even Social Security or Medicare. Often, they simply aren’t;…

There are a wide range of grounds for considering such a course of action. Key among them include: A belief that undue influence from another person who used this power to manipulate the outcome, and deprives the person whose will it is from making decisions by their own free will An assertion that the testator,…