The Dangers of Transferring Your Home to Your Child

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It is common for parents to consider deeding their home to their child or children. The reasons for contemplating a home ownership transfer vary, but typically include the parents thinking that this will allow their estates to avoid probate, inheritance taxes, or to help them qualify for benefits for long-term care. Although it may appear […]

Planning for Getting Older

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It’s 2017. Another year has disappeared into history. If you are like me, the older you get, the more quickly each year seems to pass. January is the month when people make resolutions for the New Year. If you are over age 60, and especially if you have reached age 70 (like me), consider this […]

When is Trust Planning Appropriate?

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Clients who are nearing retirement age are bombarded with information about asset protection planning from many sources. Their insurance salesman says one thing. A neighbor warns about the cost of nursing home care and tells a horror story about a family member who lost everything. Friends at the beauty salon share what they’ve done to […]

How to Avoid Medicaid Estate Recovery

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It is an unfortunate reality of aging. If we live long enough most of us will eventually have a chronic condition or illness that limits our ability to do some basic tasks. We may need help with household chores, shopping, money management, medications or transportation. Or we may need assistance with so-called “activities of daily […]

How to Protect your Home from Care Costs

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The Home Protection Trust The numbers are terrifying. If you are 65 or older there is a 70% chance that you will need long term care at some time during your remaining life. By “long term care” I mean the kinds of help people need if they have a prolonged physical illness, disability or cognitive […]