Special Needs Planning v. Estate Planning Michael Gilfix with Deidre Wachbrit Braverman http://www.jackstreet.com/jackstreet/KSNR.Gilfix.cfm Special Needs Planning Basics William Browning with Vincent Russo http://www.jackstreet.com/jackstreet/WSNR.Browning.cfm
The Discovery Tool of the Center for the Improvement of Child Caring (CICC) consists of a set of questionnaires that parents of young children, and professionals who work with young children, can take online to learn how a child is developing in comparison to other children the same age and to learn whether the child…
8 COSTLY MISTAKES TO AVOID WHEN PLANNING A SPECIAL NEEDS TRUST COSTLY MISTAKE #1: DISINHERITING THE CHILD Many disabled people rely on SSI, Medicaid or other government benefits to provide food and shelter. You may have been advised to disinherit your disabled child – the child who needs your help most! – to protect that…
It’s not something you want to think about right now, but the reality is that many elderly people eventually require long-term or nursing home care. How many? Nearly one in two women and one in four men find themselves in nursing homes at some point in their lives. Unfortunately, nursing home costs are already very…
Each of us has several different “estates” for estate planning purposes. The first is your “taxable estate,” which consists of the assets you own that will be includable in your estate for estate tax purposes. This “estate” includes all the things you own or have control over at the time of your death.
A will is a legal document that directs how your assets will be given away after your death. It allows you to give away some or all of what you own, including your real estate, cars, business holdings, money and personal property. Your property may be given to anyone you choose, with certain exceptions, after your estate debts are paid.
Created during your lifetime, your revocable living trust is your alter ego. Designed to be the minivan of trusts, the revocable living trust carries you, your loved ones, your assets, your pets and all of your baggage along the road of life.
When the grantor (the person who created the trust) dies, certain steps must be taken to comply with state law, to preserve the federal estate tax exclusion amount, and to change title to assets.
When a person dies, some of their assets will automatically pass by law to certain people.
We can show you a number of ways to protect your assets for your enjoyment during your lifetime, and for the enjoyment of your heirs after you are gone. And if your wishes are challenged, we can vigorously defend them in court.