Family members with special needs can benefit from special needs trusts (SNTs) by ensuring they have the resources to thrive long-term. A special needs trust can provide fiduciary management and oversight for a loved one unable to manage property or…
You can designate an individual as your power of attorney if you want them to make decisions or conduct transactions on your behalf. They could be related to personal finances, business operations, or medical needs and used for a single…
Estate planning involves many types of trusts; irrevocable and revocable trusts are the most common. While there is some similarity, these two major categories of trusts have different purposes in your estate plan. Both can substitute for a last will…
In addition to self-monitoring medical devices, telehealth, and smart homes, the internet of things and technological advancements enable many older Americans to stay in their homes longer and live more safely. Elder law and at-home medical technology uses can intersect…
The manner in which a home and other types of real property are titled deserves careful consideration. Real estate constitutes the land and any structure, including vegetation, livestock, crops, and other natural resources that sit on the land under the…
Estate planning involves many types of trusts; irrevocable and revocable trusts are the most common. While there is some similarity, these two major categories of trusts have different purposes in your estate plan. Both can substitute for a last will…
Special needs trusts and ABLE accounts both allow people with disabilities to save money while protecting their eligibility for public benefits. Each has its merits, and it’s possible to maintain both account types. Special needs trust (SNT) There are various…
There are astronomical costs associated with nursing home care if you become seriously ill or injured. You might also know that Medicare would cover only a minimal amount of those costs. Private insurance doesn’t seem like a good bet if…
Your estate planning documents should be reviewed periodically, particularly after big life changes such as marriages, births, divorces, and moving to a new state. Children grow up, marriages dissolve, property gets sold, and residences change. That’s why we recommend that…
It's unpleasant to think that a traumatic event or a chronic illness might incapacitate you. People are unfortunately affected by this every day. With this knowledge, many people like to prepare in advance for the kind of treatment they want…
