Understanding the Common Types of Trusts
A trust is a legal arrangement through which one person (or an institution, such as a bank or law firm), called a “trustee,” holds legal title to property for another person, called a “beneficiary.” Trusts fall into two basic categories: testamentary and inter vivos. A testamentary trust is one created by your will, and it […]
Using Estate Planning to Prepare for Medicaid
Careful planning in advance can help protect your estate for your spouse or children. If you make a plan before you need long-term care, you may have the luxury of distributing or protecting your assets in advance. This way, when you do need long-term care, you will quickly qualify for Medicaid benefits.
The Estate Planning Dealership: We Offer Different Models of Trusts to Suit Your Individual Needs
Is a trust necessary in your estate plan? The answer may surprise you.
Beyond Generous, Creating a Trust for Gifts to Your Grandchildren is Financially Smart
The financial stability to leave our grandchildren an inheritance is something we all aspire to be able to do. We want our loved ones to have something to remember us by and leaving a sum of money is a common choice. Setting up a trust is often overlooked in the planning process. There are tax […]
When Things Fall Apart by Smilie G. Rogers, Esq.
The last couple of weeks we have been preparing tax returns, preparing MaineCare applications and dealing with client matters when things fall apart generally. Here are some observations from the field at the end of a long day: Getting financial institutions to recognize powers of attorney can be a real struggle. Is your power of […]
Familiarizing yourself with Estate Planning Terminology
Let’s face it we’ve all been there. At one time or another, you have been talking to someone about a topic you know nothing about. While some people ask for clarification with no apprehension, others may feel inadequate and just play along. A good estate planning attorney should speak to you in terms you can […]
Navigating through sibling disputes over Power of Attorney
A parent is under no obligation to tell who they have appointed or why. This can leave to the other sibling feeling slighted or resentful. There are some things that are beyond the reach of a Power of Attorney such as the Agent can’t bar the sibling from seeing their parent and it terminates at […]
