Articles — page 31
- Six Medicaid Planning Mistakes You Must Avoid You’ve worked hard your entire life saving up, paying down your mortgage and other liabilities, and building a sizable retirement fund. You did all of this expecting to live off those savings while you bask in the… Read “Six Medicaid Planning Mistakes You Must Avoid”
- Three Mistakes You Need to Avoid in Creating and Maintaining a Trust Three Common Trust Mistakes You Need to Avoid Incorporating a trust into your estate plan is a good idea. Trusts help you and your family avoid costly and time-consuming probate, can address the special needs of your… Read “Three Mistakes You Need to Avoid in Creating and Maintaining a Trust”
- Do Clients in their 20’s and 30’s Need an Estate Plan? Choose the Right Nursing Homes in 4 Easy Steps As an attorney with young children, I am constantly concerned with the number of parents who have not properly planned. Everyone needs an estate plan. Planning ahead is not… Read “Do Clients in their 20’s and 30’s Need an Estate Plan?”
- Estate Planning for Second Marriages Second marriages (and third and fourth marriages) are more and more common every year. I see more and more clients come in who have strong and fabulous second and subsequent marriages with their new spouse. However,… Read “Estate Planning for Second Marriages”
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Should You Incorporate a Qualified Spousal Trust into Your Estate Plan?
In 2011, the Missouri legislature enacted a law that enabled married couples to transfer property to a Qualified Spousal Trust (“QST”) and the property inside the QST would enjoy the same immunity from creditor claims… Read “Should You Incorporate a Qualified Spousal Trust into Your Estate Plan?”
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Six Reasons to Have an Estate Plan in Place
In the estate planning world, we see study after study showing that the majority of Americans still do not have a written estate plan. (60% according to the AARP: here) However, when we talk to friends and family, we… Read “Six Reasons to Have an Estate Plan in Place”
- Why is Estate Planning So Important? According to many surveys, the majority of Americans don’t have an estate plan. Many of us know why we SHOULD have one. When I ask clients why it’s important to have a plan in place, most times they state two things. We… Read “Why is Estate Planning So Important?”
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Prince’s Estate Serves as Prime Example of Why You Need an Estate Plan
If you are looking for a cautionary tale highlighting the pain and expense of dying without an estate plan, Exhibit A is the rock music icon Prince’s estate. It has been two years since news broke that Prince passed… Read “Prince’s Estate Serves as Prime Example of Why You Need an Estate Plan”
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Important Tips for Incorporating Long-Term Care Into Your Estate Plan
Many people equate estate planning with postmortem concerns. Basically, what happens to their property and money after they pass on. However, an estate plan can, and should, incorporate long-term care. Why It is So… Read “Important Tips for Incorporating Long-Term Care Into Your Estate Plan”
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Is Your Kid College Bound? Here are the Estate Planning Documents They Need
It’s one of the proudest moments a parent can experience – sending their child off to college. It is a recognition that your child is entering a new chapter in life where they will (hopefully) learn to become an… Read “Is Your Kid College Bound? Here are the Estate Planning Documents They Need”