If you have a disabled person in your care, or even in your family, you undoubtedly spend a lot of time worrying about their well-being. People with special needs are in a unique financial situation in several ways. Many of them are not capable of doing their own financial planning and cannot be trusted to […]

An estimated 25% of practicing physicians are sued annually. Payouts are often high enough to be ruinous to the doctor, and it is unwise not to investigate an asset protection trust to shield your wealth in case of disaster.

Everyone wants to protect their home. We put up fences, purchase homeowners insurance, lock the doors, install security systems, cameras, gates and maybe even hire individuals to keep it safe and sound.  After all, it’s the place where the best of life occurs, and most of us want to make sure it will still be […]

One of the hardest things for a child is becoming responsible for their parents’ lives. It doesn’t happen to all of us, but many people out there will one day find themselves with disabled parents who need to be cared for. If your parents have substantial assets, this becomes even more critical: they need money […]

As you grow older, one of the most important things to think about is how you’re going to handle long term care once you pass retirement age. This is especially important when considering if you’re going to attempt to receive Medicaid to pay for these expenses.   Here are 10 questions to ponder when thinking […]

A Qualified Domestic (QDOT) Trust is a very specific trust designed to address a somewhat common situation: what happens when the spouse of a non-US citizen dies while leaving significant assets to the non-citizen survivor. Normally, thanks to the Martial Exemption to estate taxes, when two citizens are married and one dies, their assets pass […]

If you’re concerned with protecting your assets against possible legal claims against them, there are a wide variety of sophisticated financial tools available to help with this. One of the most controversial, yet often highly effective, examples of these is the asset protection trust. That term can be applied to a wide variety of trust […]

If you have a large amount of wealth and are planning for the future of your estate, you probably want to ensure that the largest possible amount can pass to your descendants. Unfortunately, estate taxes can be punishingly high. Currently the top estate tax tier is 35%, and unless Congress acts soon, in 2013 that […]

There are two (2) types of trusts: revocable and irrevocable. A revocable trust can be modified, revoked or changed during your lifetime, as opposed to an irrevocable trust, which is much less flexible. A revocable trust allows you to maintain full control over your assets; however, it cannot be used to protect your assets from […]

Senior citizens and low-income taxpayers beware: there’s a new tax refund scam making the rounds that has already been responsible for thousands of fraudulent tax returns. According to the IRS, this new tax refund scam centers around the American Opportunity Tax Credit, which offers up to $2,500 in tax credits to anyone who attended college […]