Compliments of Our Law Firm Written By: The American Academy of Estate Planning Attorneys If you have worked hard to acquire a decent asset portfolio, shouldn’t you work equally as hard to protect those assets from potential threats? Of course, the answer to that question is “yes.” The problem is that most people do not realize the numerous and varied ways in which their assets might be at … [Read more...] about What You Need to Know about Asset Protection

Compliments of Our Law Firm Written By: The American Academy of Estate Planning Attorneys At some point during your retirement years, there is a good chance you will need the type of medical care that only a long-term care (LTC) facility can provide. The cost of that care may cause you to turn to the Medicaid program for assistance. If you fail to plan ahead by including Medicaid planning in … [Read more...] about How Will Life Insurance Policies Impact Medicaid Eligibility?

Compliments of Our Law Firm Written By: The American Academy of Estate Planning Attorneys If you are a member of the United States military, you likely have more important things on your mind than taxes and retirement planning. You should, however, take a moment to learn how your combat pay is treated by Uncle Sam to ensure you receive the benefits to which you are entitled for your service to … [Read more...] about Combat Pay, Taxes, and Retirement – What Veterans Need to Know

Compliments of Our Law Firm Written By: The American Academy of Estate Planning Attorneys The longer you live, the better the odds are you will one day need long-term care (LTC). For the average person, the cost of that care can be prohibitive. Moreover, you cannot count on Medicare nor your basic health insurance to cover costs associated with LTC. Instead, you may find yourself turning to … [Read more...] about Medicaid Estate Recovery – Are Your Assets Safe?

Compliments of Our Law Firm Written By: The American Academy of Estate Planning Attorneys For roughly half of all seniors living in nursing homes, or other long-term care (LTC) facilities, Medicaid is their only hope for assistance with the high cost of that care. Qualifying for Medicaid can be problematic for an applicant who failed to plan ahead. Once an applicant is approved for Medicaid … [Read more...] about Medicaid Patient Share of Cost for Long-Term Care

Compliments of Our Law Firm Written By: The American Academy of Estate Planning Attorneys The Baby Boomer generation – the largest generation in American history to date – is heading into retirement, but are they prepared? More importantly for their children and grandchildren – and possibly the economy as a whole – will there be anything left to bequeath when they pass away? It appears some … [Read more...] about Will Baby Boomers Have Anything Left to Pass Down?

Compliments of Our Law Firm Written By: The American Academy of Estate Planning Attorneys Are you prepared to cover the expenses of long-term health care (LTC) if you need nursing home, assisted living or regular at home care down the road? If you are like many seniors, you will turn to Medicaid for help with your LTC costs. While Medicaid will cover LTC expenses, getting approved can be … [Read more...] about Medicaid Planning – Planning to Get Approved

Compliments of Our Law Firm Written By: The American Academy of Estate Planning Attorneys Previously, retirement planning focused on an employer sponsored pension and Social Security retirement benefits. The concept of lifetime employment, however, is largely a thing of the past, which also makes pensions a thing of the past. Moreover, the fate of the Social Security retirement program is … [Read more...] about Traditional or Roth – Which Type of IRA Is Right for You?

 Compliments of Our Law Firm, Written By: The American Academy of Estate Planning Attorneys With the proliferation of 24-hour news, it seems impossible to turn on the television, chat on social media, or pick up a newspaper without hearing about yet another natural disaster that has left people hurt, hungry, homeless, or worse. Whether the cause is a tsunami in Indonesia, a deadly disease … [Read more...] about How to Lend a Hand and Save Taxes

 Compliments of Our Law Firm, Written By: The American Academy of Estate Planning Attorneys You have likely heard the old adage “The only sure things in life are death and taxes.” In the United States, the adage certainly applies. Without a doubt, most Americans pay their share of taxes. Americans also like to find creative ways to reduce their tax burden. Using legitimate tax reduction … [Read more...] about Estate Planning Lessons – Wesley Snipes and the “Pure Trust” Argument