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Elder Law & Estate Planning
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13
08, 2021
Image depicting tax documents and calculator, emphasizing the need to review estate plans in light of new tax proposals affecting estate and elder law.

New Tax Proposals Mean You Should Review Your Estate Plan

August 13, 2021
As we have written previously, number of tax proposals being considered in Congress that could significantly affect gifting and estate plans. There are planning strategies to help protect your estate from future tax changes, so now is a good time to…
09
08, 2021
A person carefully examining documents related to trust management, pertinent to estate planning and elder law considerations.

6 Things to Ask Before Agreeing to Be a Trustee

August 9, 2021
Being asked to serve as the trustee of the trust of a family member is a great honor. It means that the family member trusts your judgment and is willing to put the welfare of the beneficiary or beneficiaries in…
06
08, 2021
An intricately adorned casket in a serene setting, symbolizing the complexities of estate planning and elder law concerning posthumous marriage annulments.

Can a Marriage Be Annulled After One Spouse’s Death?

August 6, 2021
Marriage is supposed to be “until death do us part,” but after one spouse dies, is it possible for a court to declare a marriage invalid (annulled)? It can be happen, as a Nebraska widower recently learned, but only in certain…
05
08, 2021
Loaf of bread placed next to several stacks of coins, symbolizing the financial strategy of converting assets into income streams with Medicaid-compliant annuities for elder law and estate planning.

Medicaid-Compliant Annuities in Medicaid Planning

August 5, 2021
Medicaid-compliant annuities (MCAs) are financial products that convert an individual's assets into income streams, thereby helping individuals qualify for Medicaid benefits by reducing their countable resources. But what exactly is a Medicaid-compliant annuity and how does it factor into Medicaid…
23
07, 2021
A young girl holds a stack of cash with a concerned expression, representing the complexities of naming minors as beneficiaries in estate planning and elder law issues.

Be Careful Not to Name Minors as Your Beneficiaries

July 23, 2021
Most people want to pass their assets to their children or grandchildren, but naming a minor as a beneficiary can have unintended consequences. It is important to make a plan that doesn’t involve leaving assets directly to a minor.  …
05
07, 2021
An older couple discussing essential estate planning documents with their attorney, highlighting the importance of creating a will, durable power of attorney, and health care proxy as part of comprehensive estate planning.

Why Everyone Should Have an Estate Plan

July 5, 2021
Do you have a will? A durable power of attorney? A health care proxy? If so, no reason to read on. If not, why not? Failure to create an estate plan risks causing discord in your family for generations to…
02
07, 2021
Senior individuals discussing Medicaid planning and elder law with an estate planning attorney to protect assets and ensure quality long-term care.

The Need for Medicaid Planning

July 2, 2021
One of the greatest fears of older Americans is that they may end up in a nursing home. This not only means a great loss of personal autonomy, but also a tremendous financial price. Careful planning can help ease the…
28
06, 2021
An elderly couple happily shows their grandchildren a gift, symbolizing the concept of passing assets through a generation-skipping trust to secure the future of younger generations while minimizing estate taxes.

Passing Assets to Grandchildren Through a Generation-Skipping Trust

June 28, 2021
Passing assets to your grandchildren can be a great way to ensure their future is provided for, and a generation-skipping trust can help you accomplish this goal while reducing estate taxes and also providing for your children.   A generation-skipping…
21
06, 2021
An image illustrating the concept of directed trusts in estate planning, showing multiple hands working collaboratively to manage assets, symbolizing the delegation of trust duties to experts while maintaining overall control.

What Is a Directed Trust and What Are Its Benefits?

June 21, 2021
Directed trusts can be a useful estate planning tool, allowing you to place your family’s assets in a trust but benefit from the expertise of an advisor who knows more about the handling of certain trust functions than you may. …
21
05, 2021
A distressed elderly woman sits at a table with scattered documents, symbolizing the complications and dangers of using online power of attorney forms for estate planning without professional legal assistance.

Court Case Illustrates the Danger of Using an Online Power of Attorney Form

May 21, 2021
A recent court case involving a power of attorney demonstrates the problem with using online estate planning forms instead of hiring an attorney who can make sure your documents are tailored to your needs.   Mercedes Goosley owned a home…

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