25 11, 2019

Three Reasons Why Joint Accounts May Be a Poor Estate Plan

2019-11-26T08:29:50-05:00November 25th, 2019|

Many people, especially seniors, see joint ownership as an easy way to avoid probate and plan for incapacity, but there are major drawbacks to joint accounts. When people own property as joint tenants each person has an equal ownership interest [...]

14 11, 2019

Medicaid’s Power to Recoup Benefits Paid: Estate Recovery and Liens

2019-11-14T13:21:17-05:00November 14th, 2019|

Federal law requires the state to attempt to recover the long-term care benefits from a Medicaid recipient's estate after the recipient's death. If steps aren't taken to protect the Medicaid recipient's house, it may need to be sold to settle the claim. [...]

22 10, 2019

Understanding the Differences Between a Will and a Trust

2019-10-22T12:41:26-04:00October 22nd, 2019|

Everyone has heard the terms "will" and "trust," but not everyone knows the differences between the two. Both are useful estate planning devices that serve different purposes, and both can work together to create a complete estate plan. One main [...]

16 10, 2019

Estate Planning During a Divorce: Four Key Considerations

2019-10-16T11:26:00-04:00October 16th, 2019|

You have planned your life carefully. With your spouse you have drawn up a will and established trusts to organize your estate after your deaths. You have made decisions about the guardianship of your children should anything happen to you [...]

18 09, 2019

Grandparents Raising Grandchildren May Qualify for the Earned Income Tax Credit

2019-09-18T01:25:37-04:00September 18th, 2019|

Raising a grandchild can be tough financially, but grandparents should be aware that there is a tax credit available that could help them. Working grandparents who are supporting their grandchildren may qualify for the earned income tax credit, which could [...]