Asset Protection: Selling Inherited House Inside a Trust
There’s an awful lot of an advantage to having a lifetime of asset protection, but is it work it? Should you keep the proceeds of an inherited house inside Mom’s trust? Does it provide asset protection from creditors, divorcing spouses, and disability/Medicaid spend downs? In this reaction and commentary on a Reddit question, Jeff reviews […]
My Parents Are Doing Estate Planning
What Do I Need to Know? The following was a post to Reddit on the r/estateplanning thread along with my response. The person posting was looking for information on what to expect in the estate planning meeting with their parents and attorney… but most of the traditional attorneys jumped into providing advice to the parents on […]
The Bank Won’t Honor The Power of Attorney!
Unfortunately, there is a trend of banks and other financial institutions refusing to honor Powers of Attorney because they are not on the institution’s forms. This can cause a variety of complications if discovered after someone is incapacitated. But how can they do that? This video, recorded in Wyoming while there attending The Estate Planning […]
Is Your Suitcase Packed?
Revocable Living Trust Is your suitcase packed? When it comes to estate planning with a revocable living trust, I often use the suitcase analogy. When it comes to avoiding probate, a revocable living trust is like a suitcase. It is designed to take your things from one place to another, and there are many different […]
In-Law Risks
Depending on your family situation, there may be a son-in-law or daughter-in-law you just don’t trust. But what risks need to be addressed when planning an estate? In this outtake from a recent conference Jeff taught at, The Estate Planning Source’s Advanced Institute, he examines the types of risk most on his client’s minds. Protect […]
The High Cost of a “Free” Medicaid Plan
Free Medicaid Plan There are so many myths, folk remedies, and outright falsehoods surrounding Medicaid qualification for nursing home care that it becomes impossible to list them all. Unfortunately, it becomes easy for people to look online for the simple answers they want to hear rather than researching and understanding a much more complicated truth. […]