Should You “DIY” With Your Estate Planning

Most experts agree that there may be a few aspects of estate planning you can handle yourself, but for many aspects trying to do those would be very unwise. So what may you be able to do yourself? The health care documents are readily available to the public, and with a thorough reading of them, you should be able to … Read More

Informing Your Children of Your Affairs

Many parents find it uncomfortable to inform their children about personal matters. Yet informing them of your financial, estate and medical arrangements may help everyone prepare and plan for the future. The inf­orma­tion that is shared need not include exact facts and figures, but it is wise to share the following information: Life Insurance. Since the purchase of life insurance … Read More

Some Thoughts On Medicaid Planning

Medicaid is a federal government program that provides financial assistance to persons age 65 and over, or those under 65 who are disabled and who are in need of substantial medical assistance. Medicaid is a needs-based program; a person must have a medical need for assistance and must be of limited financial means before he or she can qualify. Medicaid … Read More

Who Should Be Your Trustee And What Do They Really Need To Do?

You have decided to establish trusts to accomplish your estate planning and now you need to decide who should serve as trustee. That is often the most difficult, and the single most important decision that needs to be made. You certainly have many choices. Beneficiary or non-beneficiary trustees? Family members, friends, or a corporate trustee? One trustee to serve alone … Read More

Highlights of the New Estate Tax Legislation

On December 17, 2010, President Obama signed into law the Tax Relief, Unemployment Insurance Reauthorization, and Job Creation Act of 2010. We’ll cover here just some of the highlights as it relates to the estate tax. The most newsworthy change is the increase in the federal estate tax exemption. Your estate will have to pay federal estate taxes if its … Read More