Mississippi’s New Asset Protection Trust
Many clients have asked about using trusts to place personal assets (such as homes, other real property, investment funds) beyond the reach of potential creditors’ claims. While some states have…
Many clients have asked about using trusts to place personal assets (such as homes, other real property, investment funds) beyond the reach of potential creditors’ claims. While some states have…
“So you’re here to do some estate planning. What are your goals?” I asked Martha, a lovely lady in her 60s. “Well, I want to help my children out if…
To many people, the term “estate planning” means simply a will or trust to dispose of assets at death. However, the transfer of assets may be affected by a more…
Do you remember getting your annual benefits statement from Social Security around the time of your birthday each year? These Personal Earnings and Benefits Estimate Statements (PEBES) included: an estimate…
Trust protectors -- long popular in offshore trusts set up by high rollers – have gained popularity in trusts established here in the U.S. by less affluent folks. A “trust…
The process of finding and choosing an elder law attorney begins by identifying that you need an elder law attorney. So the question is: Why would you ever need an…
When a person provides care or occupies a special, close relationship with another, that closeness may turn into reliance. If a caregiver participates or has input in the making of…
IRS Publication 590, which addresses the tax effects of Individual Retirement Accounts (IRAs), gives the following example: You have two traditional IRAs, IRA-1 and IRA-2. You make a tax-free rollover…
Due to increases in Social Security's delayed-retirement credit, the real retirement age is now 70, according to a recent research paper from the Center for Retirement Research at Boston College.…
By Michael L. Banner It certainly appears the only thing consistent about the reverse mortgage these past few years is change. And the latest changes, mandated by the U.S. Department…