by Christine | Apr 24, 2014 | Uncategorized |
FLPs offer multi-layered benefits by providing senior family members with several advantages—all without ceding control of the assets to junior family members. Estate Planning is often a game of give and take. So what if you want to give away your assets, but not just...
by Christine | Apr 23, 2014 | Charitable Giving, Estate Planning, Estate Tax, LIfe Insurance |
There are several ways to donate a life insurance policy to charity, according to the Planned Giving Design Center, Monroe, NC. There are many advantages to life insurance as it can be a cushion against high-cost issues or a source of much-needed cash flow for your...
by Christine | Apr 22, 2014 | Alzheimer's, Dementia, Elder Law, Estate Planning |
Alzheimer’s patients live for years with diminished mental skills, which makes it crucial that they make decisions early on about how their care should proceed. Planning for one’s estate and for one’s late-in-life plans requires more than a bit of wherewithal. This is...
by Christine | Apr 21, 2014 | Elder Care, Elder Law, Medicare |
Much is undoubtedly delivered with great love and compassion. But, sadly, it is also provided by family members who have no caregiving skills. Deciding on medical care later in life or setting it up for a loved one is a difficult process that should be...
by Christine | Apr 18, 2014 | Business Sale, Family Business, Small Business |
Figure you and your lawyer will negotiate around all those post-closing efforts to chisel you out of a fat chunk of what you spent decades building? Think again. If you and your family are considering the sale of the family business, and maybe considering an actual...
by Christine | Apr 17, 2014 | Basis, Bequest, Estate Law, Estate Planning, Estate Tax, Gift Tax |
When it comes to estate planning, one of the primary goals is to transfer as much of a person's assets to their intended beneficiaries at the lowest cost or, in other words, by paying the least amount of tax. Giving your assets to your heirs is all about timing....
by Christine | Apr 16, 2014 | Estate Planning, Probate, Trusts, Wills |
A no-contest clause may be a good idea if you have a beneficiary who may be upset by the property distributed to him or her. Consider this common estate plan predicament: you are drafting a will and know that if it is challenged by a spurned heir or for anyone for any...
by Christine | Apr 15, 2014 | Asset Protection, Elder Law, Estate Planning, Probate, Reverse Mortgage Loan |
Death of the borrower triggers the loan payoff, but the estate and heirs will never owe more than what the home is worth. Family homes are unique assets. And like many assets, family homes can be as complicated as they are meaningful. Even when heirs inherit a home...
by Christine | Apr 14, 2014 | Advanced Health Care Directive, Durable Power of Attorney For Finances, Elder Law, Estate Planning, Living Trust, Living Will |
Stop saying everyone knows what you want. Everybody probably doesn’t know. Or in their grief, they may not be able to make the decisions you would have preferred. If you don’t leave written instructions, emotions or unresolved issues can get in the way. The amount of...
by Christine | Apr 11, 2014 | Asset Protection, Small Business |
Asset protection is the process of employing risk management products and legally acceptable solutions to ensure a person’s wealth is not unjustly taken. Ever heard of the rule of entropy? Roughly, it says that things tend toward chaos. So it is with business and the...
