Special Needs Trust Options BY PATTI SPENCER REVIEWED BY EBONY J. HOWARD Updated April 08, 2021 Special Needs Trust Options. A special needs trust (sometimes called a supplemental needs trust), is a trust designed to hold assets for the benefit…
Benefits of Advanced Estate Planning Minimize taxes and protect your assets BY JULIE GARBER Updated November 20, 2019 Advanced estate planning—something more than a simple will or basic living trust—can be critical for people with valuable, taxable estates. It…
What Is Ancillary Probate? BY JULIE GARBER REVIEWED BY EBONY J. HOWARD Updated October 08, 2020 Ancillary probate is an additional, simultaneous probate process that's required when a decedent owned real estate or tangible personal property in another state or…
What Is a 'Lady Bird Deed'? I heard about something called a “Lady Bird deed” that could be useful if I need to apply for Medicaid. What exactly is it and why is it named that? A "Lady Bird deed"…
5 Emotional Blocks to Estate Planning By: PATTI SPENCER REVIEWED BY EBONY J. HOWARD Updated April 06, 2021 Here are 5 Emotional Blocks to Estate Planning. Death and taxes are two subjects that are both emotionally charged. Nobody wants to talk about…
Is Your Financial Information in Order? Preparing and organizing your financial information for when you are no longer capable will bring peace of mind to you today and relieve your loved ones' burden in the future. It will ensure proper…
The Growing Need for Geriatric Care Managers The name can be misleading as professional geriatric care managers tend to a senior's unique health care situation needs rather than being responsive to a particular age. The truth is aging is a…
In general, a trust is created when property or assets are managed by a person or firm for another person’s benefit. The person or entity who manages the trust is known as the “trustee” and is entrusted with the responsibility…
Plan, Don’t Wait, for an Emergency! That sounds like something your mother might say, right? And how often have you wished that you’d followed mother’s good advice? Nobody really wants to think in advance about accidents or illness. But…