Should I Use a Trust to Protect My Children’s Inheritance?

We have approximately $1.5 million in cash and investments, mostly in Certificates of Deposit (CDs). Our mortgage is paid and we have no debt. We have three adult children. Should we put out assets into a trust to better protect them for the future?

Why Should I Pair my Business Succession and Estate Planning?

Thinking of exit and estate planning in tandem, allows owners to ask relevant questions to bring their entire picture into focus.

Can I Protect My Daughter’s Inheritance from Her Loser Husband?

My daughter is getting married soon. What can I do to protect her inheritance after my death?

How Can Beneficiary Designations Wreck My Estate Plan?

Beneficiary designations are a crucial part of estate planning, yet they are often overlooked. Once you have signed your estate planning documents, you need to make sure that your beneficiary designations are consistent with the rest of your estate plan.

How Does the IRS Know if I Make Gifts To My Grandchildren?

Federal and state tax authorities have no direct way of knowing how much is being gifted. The system relies on taxpayers self-reporting gifts.

How Do I Set Up a Living Trust?

Setting up a living trust is largely the same, regardless of where you live in the U.S.

Am I Too Young to Think About Estate Planning?

Many people equate estate planning with older people who have more assets and more to protect. However, that doesn’t mean younger people should ignore the benefits of estate planning. According to Caring.com, only 34% of adults ages 35 to 44 have a will and 18% of adults ages 18 to 34 have one.

Must I Liquidate My IRA Before I Can Apply for Medicaid?

October 14, 2019
Bill O’Leary, Esq.
Elder Law, Estate Planning, Long-Term Care Planning

Can a nursing home make a person who is in the home liquidate money in an IRA and spend it down to pay for care, before they can apply for Medicaid?

How Do I Find a Great Estate Planning Attorney?

Estate planning is a critical part of financial planning, but something many Americans procrastinate about. Drafting a will and a health care proxy or power of attorney, maybe creating a trust, and maximizing your loved ones’ inheritances by minimizing taxes are all important matters you don’t want to leave to chance.

Who Should I Choose as My Trustee?

One of the most important decisions you face when creating a trust, is the choosing of the right trustee.