by Christine | Apr 17, 2015 | Asset Protection, Estate Planning, Estate Tax, Estates, Living Trust, Tax Planning, Turnover |
Legislation allowing Mississippians to place their assets in a trust for up to 360 years passed the state House and is now pending before Gov. Phil Bryant. How long should a trust really last? According to the Northeast Mississippi Daily Journal, Mississippi’s House...
by Christine | Apr 15, 2015 | Asset Protection, Charitable Giving, Charitable Planning, Estate Planning, Estate Tax, Estates, Living Trust, Probate, Tax Planning, Trusts |
Lifetime gifts may carry considerable advantages over charitable bequests, according to Atlantic Trust, the U.S. private wealth management division of CIBC (NYSE: CM) (TSX: CM). Lifetime gifting allows you to see your donation make a difference. In addition to this...
by Christine | Apr 14, 2015 | Asset Protection, Elder Law, Estate Planning, Estate Tax, Estates, Living Trust, Probate, Trusts, Widow, Wills |
As Mary Todd Lincoln’s character in “The Widow Lincoln” faces dozens of unpaid bills for home furnishings, clothes and jewelry, she asks, “How will I ever pay these debts? I am nothing. I am no one.” On top of moving out of the White House, mothering her sons and...
by Christine | Apr 13, 2015 | Elder Law, Estate Planning, Estates, Long Term Care, Long Term Care Insurance, Nursing Homes, Retirement Planning |
When asked about long-term care insurance, one senior said, "I've thought about it. I don't think it's worthwhile to buy at my age." She's 83. "I've thought about it but I really haven't looked into it," another woman said....
by Christine | Apr 9, 2015 | Asset Protection, Estate Planning, Estates, Living Trust, Power of Attorney, Tax Planning, Trusts, Wills |
Dr. Richard Grossman amassed his fortune as the founder of the Grossman Burn Center in Los Angeles, one of the first to use a hyperbaric chamber to prevent infections in burn victims and speed their recovery. He retired from his medical practice in 2013. Lawyers for...
by Christine | Apr 7, 2015 | Asset Protection, Elder Law, Estate Planning, Estates, Living Trust, Long Term Care, Medi-Cal, Medi-Cal Long Term Care, Nursing Homes, Trusts |
One attorney calls it the "Get out of Dodge plan"—the best way to keep your assets intact before applying for Medicaid (Medi-Cal in CA) to cover nursing home costs. New Jersey is one of the most restrictive states when it comes to permitting residents to...
