Why do I need a Guardianship? There are a number of reasons that a person may want to seek a guardianship over another person. Two common situations arise when a parent has a child with a disability or a child has a parent who is no longer able to take care of his or her […]
Firm News
A few months ago, I met with a family with the following set of circumstances; Sue, the mother, has cancer; Jim, the father, is employed; one son, Steve, is 17 with autism in addition to other special needs who does not receive public benefits; the other son, Bruce, is a college graduate and works in […]
A reversion is a power to reclaim possession or enjoyment of the trust property. If at the creation of the trust, the value of the reversion exceeds 5% of the value of the trust portion to which the reversion relates, the grantor is treated as the owner of that portion of the trust. To determine […]
Click here to read the NAELA article entitled “NAELA Commends House Passage of Older Americans Act Reauthorization Act.”
Douglas had to place his mother in a nursing home. Douglas consulted a social worker who told him that he should spend his mother’s assets down to below $2,000 and then, for a small fee, the social worker would prepare the Medicaid application for his mother and everything would be taken care of. Douglas spent […]
It can be an honor and a burden to be appointed trustee of a trust. What responsibilities have been thrust upon you? How do you successfully carry them out? Here are eight do’s and two don’ts to get you started: Do read the trust document. It sets the rules under which you will operate, the […]
Brad is quoted in a MarketWatch article entitled, “Caring for Older People’s Finances can Boost Independence,” dated May 21, 2015. To read this article, click here.
Brad is quoted in an article entitled “Long Term Care Insurance: It’s Not for Everyone.” Please click here to read this article.
Brad is quoted in an article entitled “Navigating the Complexity of a Long Term Care Insuarnce Policy. Click here to read this article.
The recent case of Clark v. Rameker, 134 S. Ct. 2242 (2014), the U.S. Supreme Court unanimously ruled that inherited IRAs do not qualify for the bankruptcy exemption afforded to a debtor’s own retirement accounts. Heidi Clark and her husband filed for Chapter 7 bankruptcy and claimed an IRA that Heidi had inherited from her […]
