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Why You Don't Need to Be Afraid of Irrevocable Trusts in Estate Tax and Asset Protection Planning

You probably know that trusts can be a great tool for avoiding probate, minimizing estate tax, and protecting assets. What you may not know is which type of trust is best for your purposes. In this blog post, we’ll take a look at irrevocable gr… Read More
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Family with one child

Estate Planning for Non-Traditional Families

Long gone are the days when most families looked the same: mom, dad, and kids who are the biological children of both adults. This nuclear family still exists, of course, but there are so many other forms of family: families with same sex parents; un… Read More
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Categories: Estate Planning
African american young couple holding hands happy to hear good news from doctor, black husband and wife feel relieved after reconciliation during therapy session listening to family marriage counsel

Using Legacy Trusts for Prenuptial Planning

About half of marriages end in divorce, and second marriages are more likely to end in divorce than first marriages. What this means is that approximately half of all families are confronted with a situation in which assets need to be divided between… Read More
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Senior gentleman holding three stacks of money and holding a finger on his lips isolated on white background

What is a Secret Trust?

People create trusts for a variety of reasons: to remove assets from their probate estate; to reduce the size of their taxable estate; to provide for loved ones; and to protect those loved ones’ assets from waste. Often, which goal takes priori… Read More
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Man Worried About Addiction

Estate Planning When Your Beneficiary is an Addict

Estate planning should always take into account not only the wealth to be transferred from one generation to another, but the unique issues of each family for whom a plan is being created. Unfortunately, those issues may increasingly include the dile… Read More
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Categories: Estate Planning
Coins and Gold Houses - Estate Planning

Why Do I Need an Estate Plan if My Estate isn't Taxable?

Historically, one of the reasons for creating an estate plan was to avoid one’s heirs being saddled with burdensome estate tax. For those whose estates are subject to estate tax, this is still an important motivator for estate planning. However… Read More
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Categories: Estate Planning
Piggy Bank and Coins Representing Estate Tax Exemption Savings

Temporary Increase in Estate Tax Exemption (and Portability)

On January 1, 2018, the Tax Cuts and Jobs Act (TCJA) took effect in the United States. The most sweeping tax reform in decades, the TCJA has affected the tax burden of both businesses and individuals, often in a favorable way. One such impact is the… Read More
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Categories: Estate Planning, Tax Law
Basket of Golden Eggs Representing Medicaid Compliant Annuity

How Medicaid Compliant Annuities Work

If you have needed to consider nursing home care for a family member, you are well aware of how expensive such care can be. Often, Medicaid funds are available to help pay for care, but they typically require the applicant to “spend down”… Read More
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Business Succession Planning: Two Men Handing Off Baton

Succession Planning for Professional Practices

For most business owners, their business is a source not only of income but of personal and professional pride. It may represent, aside from raising a family, the most significant achievement of their lifetime. Given the importance of the business in… 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

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For anyone in need of an Estate Planning Attorney who is very well versed in Medicaid Planning, all types of Trusts and Tax Laws, I would not hesitate at all in recommending Ted. Read More
– Don Russell, Territory Sales Director - Nationwide Financial Network

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