Estate Planning is a complex process that involves much more than simply signing documents. A successful estate plan requires an intimate understanding of family dynamics, finances, and personal goals. In order to assure that estate planning goals come to fruition, individuals should take the time to review their estate plan at least once every 5…

Seniors come to us, often brought by their children or children-in-law, when mental incapacity has set in, and although they appear to have willing and able family members who can take care of them, assist with making personal care and living decisions, or manage their finances, these seniors do not have the necessary Power of…

Planning for incapacity is one of the most essential, and often overlooked, components of a complete estate plan. A Durable Property Power of Attorney enables you to nominate an agent, and ideally a backup agent, who can act on your behalf to manage your property and finances. The Power of Attorney can be effective immediately…

Should irrevocable trusts be used in Medicaid planning? Certainly, gifting of assets can be done outright, not involving an irrevocable trust. Outright gifts have the advantages of being simple to do with minimal costs involved. Many financial institutions have their own documents they use for changing ownership of assets so there are typically no out-of-pocket…