Planning for the Inevitable: A Guide to Protecting Your Family’s Future Discussing our own mortality is a topic most of us avoid. Yet, as Benjamin Franklin famously quipped, nothing is certain except death and taxes. While we talk about taxes all the time, planning for the inevitable is an act of love that can protect […]
Keeping Control of Your Assets: A Guide to Integrated Planning For those who have worked hard to build a secure future, the primary goal of planning is simple: to stay in control. You want to ensure your assets are protected for your own needs and are eventually passed on to your loved ones according to […]
Top 5 Asset Protection Myths That Can Cost Your Family a Fortune When it comes to planning for long-term care, misinformation is rampant. Families often come to our office with a set of beliefs about Medicaid and other benefits that, if acted upon, can have disastrous consequences. Below, we debunk five of the most common […]
Proactive Steps to Support an Aging Loved One’s Independence When you notice that an aging loved one is facing new limitations, it’s a sign to take proactive steps to ensure they can remain safe and independent for as long as possible. The key is a thoughtful approach that combines open family discussions, professional guidance, and […]
Debunking Two Critical Asset Protection Myths When facing a long-term care crisis, families are often overwhelmed and vulnerable to misinformation. Acting on these common myths can lead to drastic and costly mistakes. Understanding the truth behind these misconceptions is the first step toward making informed choices that protect your family and your assets. Myth #1: […]
The Senior Gifting Guide: How to Give Generously Without Risking Your Future For many seniors, one of the great joys in life is sharing their financial success with their children and grandchildren. However, this generosity can come with significant risks. A well-intentioned gift can inadvertently jeopardize your eligibility for long-term care, create unexpected tax bills […]
Making Difficult Care Decisions as a Family One of the hardest conversations a family can have revolves around whether an aging loved one can continue to live safely at home. The key to navigating this challenge is to approach it as a team, including your loved one in the decision-making process every step of the […]
Building a Strong Foundation for Your Family’s Future Asset protection and estate planning are like building a house: you must start with a strong foundation for it to withstand the test of time. A plan built on a weak or fragmented foundation will eventually collapse. The biggest trap families fall into is creating a plan […]
What is a Trust? A Plain-English Explanation In the world of elder law and asset protection, a trust is one of the most powerful and flexible tools available. While the concept can seem intimidating, a trust is simply a private legal contract that allows you to control your property, both during your lifetime and after […]
The Hidden Tax of Giving: How Gifting Can Backfire for Seniors Gifting to children and grandchildren is one of the great joys for many seniors. However, this act of generosity can create unexpected and costly problems if not done with careful consideration of the tax and long-term care consequences. What seems like a simple gift […]
If you own a corporation or LLC, Google “Corporate Transparency Act” and file your report before the end of the year. Don’t be fined $500.00 per day for failing to file.