Before deciding to modify a trust, it is important to consider the tax implications of such action. Modifying a trust could adversely affect income, gift, estate, and/or generation-skipping transfer taxes. Trusts generally are
irrevocable trust
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Medicaid is a federal program that provides financial assistance to individuals who meet the minimum income and asset requirements for nursing home care, assisted living, in-home care, and adult foster care. As a
If you think you only need to create discretionary lifetime trusts for young, troubled, or financially inexperienced beneficiaries, then think again. In this day and age of frivolous lawsuits and high divorce rates,
You found the love of your life, built a life together and have probably weathered your fair share of storms that have made you even stronger. Life without each other is inconceivable, but
Many of our clients ask us this question. Read on for information to help figure out whether you need a trust and, if so, what kind fits your specific situation. The following information
Life insurance is a financial asset that is widely used to help protect your family from expenses after your death. However, what most people don’t realize is that even though life insurance is
