Many of our clients start with what we call a living trust or a revocable living trust. But is that enough? While these trusts are great for their intended purpose, they do not offer true asset protection. Contrary to popular belief, you will not be protected simply...
Month: November 2022
read more
Do I Need to Worry About the Generation-Skipping Transfer Tax?
Many of my clients who are grandparents care deeply for their grandchildren and want to support them as best they can. However, when a grandparent leaves assets to a grandchild, and therefore “skips” over their parents, the generation-skipping transfer tax (GSTT) can...
Signing the Nursing Home Contract
Most people spend more time reviewing their contract for a car than understanding the contract for their loved one’s nursing home. The best approach for anyone contemplating an admission of a loved one to a facility is to understand the law AND the contract prior to...