This is the most advanced topic I have written for my public readers. But it can be an important topic, so hang in there.
According to conventional wisdom you should always name your spouse as beneficiary of an IRA. But if you are at all interested in asset protection that may … Continue Reading
Dad died 5 years ago and there is a trust under his will for Mom. Will the trust be countable if Mom goes into a nursing home?
Mom and Dad set up an irrevocable trust years ago (Bill Clinton was on his first term) and put land and some other assets in the trust. Are the assets … Continue Reading
Updated April 14, 2017
Recent Question: Bob, is it OK for the trustee of a special needs trust to purchase a $2,000 pure bred spaniel for the trust beneficiary, Edwina?
Recent Answer: Only if Edwina is not planning on eating the dog. I’ll explain. First, you’ll need to … Continue Reading
A Plain English explanation of why Medicare can (and should) grab part of your worker’s comp or court settlement . . . and what to do about it! Give me five minutes!
I proudly told my 94 year-old Mom and 15 year-old son that I had just been awarded something called a “Medicare … Continue Reading
A Sole Benefit Trust is an often neglected yet important type of Special Needs Trust that can be useful in planning for certain categories of individuals with disabilities. For example, a “Sole Benefit Trust” can be a useful solution for a disabled grantor who wishes to protect … Continue Reading