Many people think that trusts are only used by highly wealthy people. Although uber-wealthy folks certainly use trusts, many others may find them beneficial as well. Indeed, many working folks will find great utility in establishing trust. One of the principal benefits of many trusts is to manage spending and protect beneficiaries from poor decisions…

Planning for your end-of-life ensures you have a greater quality of life and that your wishes are respected. Also, it ensures your loved ones have fewer disputes about your plans, whether it’s distributing your assets or making funeral arrangements when you pass on. However, when doing your end-of-life planning, here are some mistakes you should…

A special needs trust is a great option for individuals who want to financially provide for their loved ones with disabilities. Here are three reasons why establishing a special needs trust is important. It allows you to choose someone to serve as a trustee when your loved one is incapable of managing finances. It protects…

As the years pass, planning for the future, which may well not have held much interest for a younger – maybe more carefree – you, comes into a sharper focus. If this might be you, have you considered some or all of the following: Creating a valid will – and perhaps, a living will Planning…

Are you looking for an estate planning attorney? Here are some questions you should ask during your first consultation to ensure they’re the right fit. How long does the estate planning process take? How can I avoid probate? How often do I need to make adjustments to my estate? What’s the difference between a living…

Establishing a special needs trust allows you to protect or hold assets for your loved one with disabilities. However, your beneficiary can lose their eligibility for government assistance with this trust. But, when done right, you can manage assets for your loved one without compromising their Medicaid or SSI. Here are some dos of establishing…

Asset protection planning is a smart way to protect your assets from creditors. Unfortunately, there is a lot of misinformation about assert protection on the internet, resulting in people making costly mistakes. Here are some asset protection mistakes you should avoid: Going the DIY route Transferring your property when you have a pending lawsuit or…

You want to find a top-notch asset protection attorney with integrity and experience. Here are some questions to ask as you make your decision: How long have you been putting asset protection plans in place? What is your rate of success in implementation? Do you have client references with whom I could speak? What is…

This might be more in some people’s minds at the moment than previously, especially perhaps concerning the first point noted below. If you are interested in knowing the key areas covered in such a document, these can include… The use of mechanical ventilation Measures to resuscitate should your heart stop Being tube fed when your…

Many child-free couples assume they don’t need a comprehensive estate plan. However, without a will, the court system decides who gets your assets. Unfortunately, your wealth may end up in the hands of someone you didn’t want to inherit your property. Here are some tips that can help you decide who to leave your wealth…

Many professional people and business owners are already aware of this, which is also known as a DAPT (Domestic Asset Protection Trust). Are you are in the line of work where you could be faced with hugely expensive and damaging lawsuits, or claims and creditors? If so, then a DAPT may be well worth thinking…

The full title is a Qualified Personal Residence Trust. This is an irrevocable process whereby you can use a gift tax exemption to remove a residence from your taxable estate. It removes the current and future value of a primary or secondary residence for just pennies on the dollar. During the term of a QPRT,…