Category Archives: Estate Planning

7 Reasons to Work with an Estate Planning Attorney

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Category: Estate Planning | Wills

 

7 Reasons to Work with an Estate Planning Attorney

When do you need an attorney? When you’re in trouble with the law? When you want to get a divorce? Is that it?

 

Even if you never enter a courtroom in your life, you may still want to keep a lawyer’s number in your phone: an estate planning lawyer, that is. Estate planning attorneys can help you and your loved ones manage your finances throughout your life and even after it ends.… continue reading

How to Prepare Your Assets for Divorce

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Category: Divorce | Estate Planning | Family Law

How to Prepare Your Assets for Divorce

If you sense that the end of your marriage is approaching, you may want to do everything you can to prepare for a divorce. While you may feel vulnerable at this time, do not leave your assets vulnerable, even if you and your spouse signed financial agreements before your marriage.

 

If your spouse has an experienced attorney, he or she can find holes in your prenuptial agreement.… continue reading

Estate Planning and Medicaid Eligibility

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Category: Medicaid Eligibility | Estate Planning

Estate Planning & Medicaid Eligibility

 

Including a friend or relative in your will could jeopardize the recipient’s eligibility for government assistance, including Medicaid. If someone relies on Medicaid, even a small inheritance could disqualify them, in some cases costing the recipient much more than the gift itself was worth.

 

It is possible to protect Medicaid eligibility by placing the inheritance in a trust. However, someone other than the intended recipient must be designated as trustee, and that trustee must be given complete control and discretion over whether and how any distributions are made.… continue reading