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Many of the topics I have covered on my blog have to do with what happens if someone dies without a plan, or how not having a plan can be problematic. I spend a lot of time encouraging people to set up a plan, so that they can have their affairs in order. This blog post will be devoted to what happens when you have a plan in place. The timeline … [Read more...]
What Do You Have to Lose? Protecting What Is Most Important In Your Estate Plan
I was talking to my friend the other day, and related the following quote from Steve Jobs: "Remembering that you are going to die is the best way I know to avoid the trap of thinking you have something to lose." I am fairly sure that had I not been an estate planning attorney, the quote would not have been all that intriguing to me, but I … [Read more...]
The Coronavirus and Estate Planning – Has Anything Changed?
The outbreak of the COVID-19 virus has led to unprecedented actions, quaratines, closing of restaurants, limited gathering of people, and given us new phrases. Who knew what “social distancing” might mean just a few weeks ago? I certainly would not have used that term to describe staying 6 feet or more away from most people, and probably … [Read more...]
Protect Your Family: Powers of Attorney for Adult Children
After what sometimes seems like endless years spent raising a child, their adulthood—and all the rights that go with it—may creep up suddenly. When you are about to send a child off to college or to a study abroad program, you're probably busy with travel arrangements, last-minute shopping, packing, worrying about how your baby will fare living … [Read more...]
Protect Your Family: 12 Ways Power Of Attorney Protects You
“The Twelve Days of Christmas” is a popular song during the holidays, and often misunderstood to be the 12 days leading up to Christmas. The 12 days of Christmas are actually the 12 days after Christmas, leading up to Epiphany - or the day that the manifestation of Christ’s glory was realized - according to Christian tradition. In the spirit of … [Read more...]
Protect Your Family: Supplementing Your Needs Through Advanced Medicaid Planning
A supplemental needs trust is a special type of trust established to help people qualify for Medicaid and to live while receiving Medicaid assistance. A supplemental needs trust is quite similar to a special needs trust in form and function, as discussed here, except that the term most often applies to Medicaid recipients, and is almost … [Read more...]
Protect Your Family: The (Mostly) Complete Guide To Special Needs Trusts
When I was a little child, my mother always told me that I was special. She told my siblings the same thing, and we believed it. Somewhere around Junior High, my classmates began to use the word special with a different meaning, calling someone “special” if they seemed different, or acted differently than what my classmates considered normal. … [Read more...]
