Category Archives: Estate Planning
Financial Planning When Applying For A VA Pension
Although there are debates on whether pensions are better than other retirement plans offered to workers, the safety of a well-funded government pension cannot be understated. Most pensions are structured in such a way as to be available to workers who paid into the retirement system over a period of time, and remained employed… Read More »
Ways to Avoid Probate
After someone dies and they have a will, it must pass through probate. Probate is the process where the will gets submitted to the court by the executor of the will, and then the court supervises the executor throughout the probate process. The probate process involves gathering the assets of the deceased person and… Read More »
Durable Power of Attorney
A durable power of attorney is an important part of an estate plan. In general, a power of attorney is a legal document where one person designates another person to have the legal ability to make certain decisions for them and to participate in certain transactions on their behalf. The person who is the… Read More »
What Seniors Need to Know About Medicaid Planning
Medicaid planning is a way for seniors to access the long-term care benefits provided by Medicaid, without bankrupting themselves with nursing home bills in the process. However, Medicaid planning can be complicated and small mistakes may make you liable for large penalties. That is why it is extremely important to work with a skilled… Read More »
Things to Consider Before Writing Your Will
It may be difficult to think about death, but it is important for your sake and the sake of your loved ones to prepare for that eventuality by making a comprehensive estate plan that may include a will. However, there are some things that you should think about before sitting down to write your… Read More »
Professional Trust Administrators
If you are planning your estate, chances are it will include at least one trust. In order to create a trust, a grantor must name a trustee. Trustees perform many functions, including the administration of trusts. However, in this article “trust administrator” and “trustee” are used interchangeably. Sometimes a grantor will want to name… Read More »
Frequently Asked Questions About Special Needs Trusts
Special needs trusts are an important estate planning tool for people who have disabled relatives or other loved ones. However, people often have many questions about these trusts. Indeed, it is important to remember that every person’s situation is unique, and to get the most accurate answers for your situation you should talk to… Read More »
Pet Trusts in Florida
Many people who have pets think of them as members of their families. Therefore, it is natural that when planning an estate, individuals want to make sure that their pets are provided for. This often takes the form of pet trusts. If you are thinking about planning your estate and want to be sure… Read More »
Grantor Retained Annuity Trust
A Grantor Retained Annuity Trust (GRAT) is another estate planning tool that you may want to take advantage of. At first GRATs may sound a little more complicated than other trusts or estate planning options, but when explained step by step they can be much more easily understood. As always, you should work with… Read More »
Prenuptial Agreements and Senior Marriages
It is common for a spouse to remarry after the death or divorce of a previous spouse. A prenuptial agreement can be an important tool in any marriage, but can be especially useful for people who are marrying for the second or third time and are towards the later years of their life. What… Read More »
