Avoiding probate is an important estate planning goal for many people. Although probate isn’t usually as burdensome as people fear, if you can transfer an asset more easily and directly, why not do so? Assets in a will have to go through probate, a…
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A qualified income trust, also known as a “Miller trust” or “qualifying income trust” is a legal arrangement that allows adults to qualify for Medicaid funds to pay for care. If you have researched the costs of long-term care, you know that i…
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If you are at or near retirement age, you have probably spent most of your adult life putting away money in your IRA and other retirement funds. While carefully saving, you probably envisioned how you would use the money in your golden years: to trav…
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When a new president takes office, tax planners and financial planners sift through campaign promises as if they were tea leaves, trying to predict what laws will change and how to adjust their planning accordingly. President Joe Biden has been in of…
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Estate Planning Attorney Ted Gudorf explains What Is an Estate and What is Estate Planning? An Estate includes all the money – property that you own including homes, cars, collections & retirement accounts. It is a lifetime process, where I…
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Estate planning is about much more than disposing of your assets after your death. An important part of your estate plan deals with decision-making for your care during life, in the event that you are unable to make or express decisions for yourself.…
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By Megan Gaskin Even though my original path wasn’t in estate planning, I have always loved helping people and counseling them when they need guidance. After one of my loved ones was in a major car accident that drastically changed their life, I sa…
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By Ted Gudorf, JD, LLM It’s a realization we all come to at some point: our parents, who used to care for us, now themselves need care. How to care for an aging parent is a financial and personal conversation many adults will have, and it includes…
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Most people with disabilities or special needs qualify for government benefits such as Supplemental Security Income (SSI) and Medicaid. Indeed, many of them depend heavily on these benefits for their survival. Government benefits on their own are oft…
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If your family member is in a nursing home, it can be painful to watch them lose all their assets and income. For married couples this becomes even more devastating because you still need those resources at home for yourself too! There are strategies…
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