Asset Protection - Umbrella Protecting Money from Rain

Ohio is One of Top States for Asset Protection

Once again, Ohio has been ranked as one of the top states for asset protection. Ohio is one of seventeen states that permit Domestic Asset Protection Trusts (DAPT). Nevada attorney Steve Oshins does an annual ranking of the states that have the most… Read More
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Categories: Asset Protection
Home For Sale Sign - Medicaid House Exemption

Ohio Medicaid Changes Rules Regarding House Exemption

Some recent changes to the Ohio Medicaid program may have escaped your notice at the time they took effect, but you should take notice if you or a loved one receives Medicaid in an Ohio nursing home or assisted living facility. The changes involve fi… Read More
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Categories: Medicaid Planning
Senior Father Talking to Adult Son Successor Trustee on Couch

How Do I Prepare My Trustee to Manage My Trust?

When you create a living trust, most of the time you serve as the trustee during your lifetime, with a successor trustee taking over upon your death. Depending on the terms of the trust document, the trustee may distribute trust assets shortly after… Read More
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Family of Paper Dolls Under Umbrella - How Much Life Insurance Do You Need?

How Much Life Insurance Do I Need in My Estate Plan?

Life insurance: you know you need it, especially if you have minor children or other loved ones who depend on your financial support. Life insurance serves many functions in an estate plan, including providing a source of support to family, ensuring… Read More
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Categories: Estate Planning
Graph and Rows of Coins - Self-Directed IRA Concept

Should You Have a Self-Directed IRA?

Most people own a retirement plan of some type. It could be a traditional IRA, Roth IRA, Simple IRA, Traditional 401(k), Roth 401(k), SEP IRA, or 403(b). Very few people know that they can convert any of these retirement plans to a self-directed reti… Read More
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Categories: Retirement
Retiring in Another Country - Older Couple at Beach

What You Need to Know About Retiring to Another Country

For decades, your career stretched out before you, with retirement seeming like a faraway dream on the horizon that might never arrive. Suddenly, that moment you’ve been saving for is rapidly approaching, and you are faced with the decision of… Read More
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Categories: Retirement
Qualified Income Trust - Paper Titled Medicaid Eligibility

Should You Have a Qualified Income Trust?

If you are contemplating the need for long-term care, you know how expensive it can be to pay for. Medicare does not pay for long-term care, but Medicaid may be available to help with these expenses. Unfortunately, to become eligible for Medicaid ass… Read More
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Piggy Bank Under Glass - Third-Party Discretionary Trust

Third-Party Discretionary Trusts

There are many types of trusts, and they can be used to serve a variety of purposes: avoiding probate, minimizing taxes, protecting assets from creditors, providing for loved ones, and more. Your goal in creating a trust, and your circumstances, dict… Read More
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Red and Green Apples Representing Charitable Lead Trusts vs. Charitable Remainder Trusts

Charitable Lead Trusts vs. Charitable Remainder Trusts

If you are fortunate enough to have significant assets that you would like to use to benefit a favorite charity, you may be considering establishing a trust for that purpose. It’s likely that you also want to benefit yourself or your loved ones… Read More
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Categories: Estate Planning
Longevity Planning - Grandfather Blowing Out Birthday Candles

Planning for Longevity in Retirement

When you blow out the candles on your birthday cake, your friends and family wish you “many happy returns of the day!” It’s a goal for which all of us strive, and many more of us are achieving: according to the Social Security Admin… Read More
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Categories: Retirement

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