If you’ve ever started researching estate planning or asset protection, you’ve likely encountered a dizzying list of trust names: Revocable Living Trusts, Crummey Trusts, IDGTs, SLATs, QTIPs, GRATs — and more. It’s a natural question to ask: Why are there…

Leaving your hard-earned assets outright to your children, grandchildren, or other loved ones after you die may seem like the simplest way to pass on your legacy. But what appears straightforward can often expose those assets to unnecessary risk –…

Florida is inching closer to passing legislation that would make it the latest state to allow “granny cams” in long-term care facilities. “Granny cams” — electronic recording devices that families install at a long-term care facility to monitor the care…

As most of us go through our daily routines, it is hard to imagine needing help with essential daily tasks. However, research shows that most Americans over age 65 will need daily help, in the form of long-term care, at…

Most of us dream of enjoying a comfortable retirement in the home we have poured our heart and soul into. Yet, there is an unsettling thought that keeps many people up at night: What if creditors, lawsuits, or rising long-term…

The ongoing rivalries among the members of the Murdoch family or between Prince William and the Duke of Sussex may seem far from everyday reality. Yet drama, lost time, and broken relationships are a genuine problem in many immediate families,…

For many individuals, a durable power of attorney (DPOA) is one of the most crucial components of an estate plan. It grants another person legal authority to act on your behalf, particularly in circumstances where you become unable to make…

If you have been appointed the trustee of a trust, it is a strong vote of confidence in your judgment and trustworthiness. It is also a major responsibility. A trust is a legal arrangement through which one person (or an…

Aging in place continues to increase in popularity. However, what to do when you notice an older loved one having trouble living safely at home is an issue many families eventually face. Takeaways Multigenerational living, with adult children and older…

Estate planning often requires striking a delicate balance between reducing estate tax exposure and ensuring the most favorable cost basis for beneficiaries. Various types of irrevocable trusts—such as Intentionally Defective Grantor Trusts (IDGTs), Spousal Lifetime Access Trusts (SLATs), and Qualified…