Estate Planning

Dealing with a Gambling Problem

How to Deal with Family Members That Have a Gambling Problem

In this blog we’re going to share some letters that we recently received from people needing help with estate planning and Medicaid qualification. Below we’ll have each letter followed by our response. Our first letter involves a family who is concerned that their mother has a gambling problem. They’re worried that their mother will spend

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How to Protect the Family Farm from Medicaid

Long-Term Care Planning for Farmers: How to Save the Family Farm from Medicaid

What is the greatest threat to the family farm here in America? Some say it’s the rising costs of fertilizer or farm equipment. But actually, the greatest threat to the family farm is long-term care. As we’ve mentioned on previous blogs, 70% of us will need long-term care at some point in our life. If

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Veteran Estate Planning Tips

Veteran Estate Planning Techniques to Protect Your Assets and Family

Estate planning is just not for the rich and famous. It’s for everybody — especially Veterans who are receiving benefits from the VA. So we wanted to take this opportunity to talk about the unique challenges of Veteran estate planning. We love our Veterans and we want them to be prepared in their later years

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Estate Planning Documents

Do You Need a Will if You’re Young? – Estate Planning Documents Everyone Needs

Estate planning is not just for the rich and famous and it’s not just for seniors. Anyone over the age of 18 can benefit from having some basic estate planning documents, especially if they are married and have children. Below we’ll discuss why estate planning is for everyone and not just the wealthy. Estate Planning

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Will Caveat Cases

Family Disputes and Will Caveat Cases — What Can You Do To Avoid These?

As an estate planning attorney, we see many cases where family members feel like they’ve been slighted by their parents or grandparents when it comes to the contents of a will. This usually results in what we call a will caveat case. These family members are usually pretty upset because their parents or grandparents didn’t

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Undue Influence

What is Undue Influence? How to Protect Your Loved Ones from Coercion to Change Their Will

What is “undue influence?” This is a term frequently heard in the estate planning realm, but it’s not a common term that you hear everyday. Even if you’ve never heard of undue influence, you’ve probably seen it happen or heard of it happening to someone you know. We most frequently hear the term undue influence

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Protecting Your Life Savings from Long-Term Care Costs

Protecting Your Life Savings from Long-Term Care Expenses — It’s Time to Start Planning Now!

Have you had a family member that had to be placed in a nursing home? If not, you probably know someone who has. Statistics say that 70% of us will need some type of long-term care in our lifetime. That’s a scary statistic — almost 3 of every 4 people! If those statistics are true,

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Qualifying for Veterans Disability Benefits with PTSD

Disability Claims for Post Traumatic Stress Disorder (PTSD) – The Top 3 Things You Need to Be Qualified

Are you a veteran suffering from PTSD as a result of traumatic events that you experienced while in service? It is likely that you are entitled to disability benefits through the VA. These Disability Indemnity Compensation (DIC) benefits require that you meet several criteria relating to your diagnosis and your time served. Here we’ll discuss

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Creating a Pet Trust for Your Pets

Leaving an Inheritance to Your Pets — How to Ensure Your Furry Friends Are Safe and Happy When You Pass

In a previous blog we explained the different types of trusts you can use for estate planning. These would include revocable, irrevocable, and testamentary trusts. Today we’re going to be digging deeper into the topic of trusts and talking about a type of trust that is used to ensure proper care for your pets if

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The 3 Different Types of Trusts for Estate Planning

Do You Need a Trust to Protect Your Assets? The Advantages and Disadvantages for the Different Types of Trusts

So what exactly is a trust? Many people think that a trust is a very complicated document, and it can be depending on the complexity of your situation. There are different types of trusts that you can use. There are trusts that you can change and trusts that you can’t change. The trusts that you

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Fair Versus Equal Estate Planning

Fair Versus Equal Estate Planning – How Should You Divide Your Assets Among Your Children?

Today we have a really interesting topic that almost everyone has to address at some point when doing their estate planning. We’re talking about the concept of fair versus equal when it comes to dividing your estate among your children or grandchildren. Several years ago I had a family that was struggling to determine how

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The Biggest Threat to the American Farmer

The Greatest Threat to the American Farmer Today — Protecting Their Assets from Nursing Home and Long-term Care Facilities

So what do you think is the greatest threat to the American farmer today? Do you think it’s the environmental concerns? Do you think it’s the taxes? I personally think that the biggest threat to the American farmer is the issue of long-term care and how to pay for it. Medicare vs. Medicaid First, let’s

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Family Farms

Family Farms: How to Properly Plan for Your Estate and Preserve the American Heritage

The majority of farms in this country are family owned and operated. According to the National Agricultural Statistics Service’s Census of Agriculture, family farms account for almost 96% of the 2,204,792 farms in the United States. According to this census, there are three basic types of family farms: (1) Very large with gross sales over

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nursing home

Nursing Home and Long-Term Care Planning: Why We Fail To Plan and What Happens If We Don’t?

We don’t want to accept the fact that we are getting older. We also don’t want to accept the fact that we may require nursing home assistance or long-term care in the future. Because we avoid thinking about these tough circumstances, we rarely consider how we would pay for it. According to the Genworth Cost

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