Even the simplest things become complicated when you don’t have a Will. You may think you are too young for a Will or you don’t believe you have much of an estate. Unfortunately, no one knows what can happen from day to day and by having a Will, you will make the lives of your […]
By Laura L. Ergood, Esq. As an Estate Planning Attorney, I have the opportunity to talk to clients about their assets which normally include their house, bank accounts, brokerage accounts, IRAs, 401(k)s, Certificates of Deposits, annuities and life insurance. Most clients do not realize that a Will does not always control how all of these […]
Charitable Lead Trusts offer a great mechanism for using your accumulated wealth to benefit BOTH your favorite church or qualified charity and your desired family members or heirs. Essentially, the creator of the trust or donor funds the trust with a certain amount of money or assets and the income generated from the assets are […]
By: Laura L. Ergood, Esquire As the US population ages, more people will find they or a loved one need to reside in an Assisted Living (AL) or Skilled Nursing Home (SNH). The monthly costs can be expensive for these living arrangements causing many to wrongly believe they can gift/transfer their assets and apply to […]
Medicaid has strict asset rules that compel many applicants to “spend down” their assets before they can qualify for coverage. It is important to know what you can spend your money on without endangering Medicaid eligibility.