If you want to pass money to future generations without having it subject to gift and estate taxes, then a dynasty trust may be right for you. A dynasty trust allows trust assets to be used for the benefit of multiple generations while keeping the assets out of the grantor’s and the beneficiaries’ taxable estates. […]
Dynasty Trusts: A Tax-Efficient Way to Pass Wealth Down Through the Generations Read More »
If you want to delay a loved one’s application for Medicaid benefits to pay for nursing home care, there are plenty of ways to do it. This article, the first in a multi-part series, explains two common ways people mess up. What are the most common mistakes people make when attempting to qualify an elderly
Medicaid Planning Mistakes – Part 1 Read More »
If you apply for long-term care assistance through Medicaid and your application is denied, it may feel hopeless. The good news is that you can appeal the decision. Medicaid is a program for low-income individuals, so it has strict income and asset eligibility requirements. Qualifying for Medicaid requires navigating the complicated application process, which has
What to Do If Your Medicaid Application Is Denied Read More »
What are the most common mistakes families make when they are trying to find ways to pay for long-term care? According to attorney Charles “Chris” Bratton, the biggest mistake is taking advice from the wrong people, and much of that advice is related to misguided attempts to spend down assets to meet Medicaid’s strict asset
Paying for Long-Term Care: Common Mistakes Read More »
Running a small business can keep you busy, but it should not keep you from creating an estate plan. Not having a plan in place can cause problems for your business and your family after you are gone. While an estate plan is important for everyone, it is especially important for small business owners. Planning
Why Small Business Owners Need an Estate Plan Read More »
For older adults living in skilled nursing facilities, a care conference with the facility staff is an important meeting. What are the signs that a care conference isn’t going as well as it should? Our elder Care Coordinator, Claire Merendino, has attended hundreds of care conferences over the years, and she can tell in an
Telltale Signs of a Bad Care Conference Read More »
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.” If you have been appointed the trustee of a trust, this is a strong vote of confidence in your judgment and
A Brief Overview of a Trustee’s Duties Read More »
Lawyers.com recently posted an article entitled No Escape from Student Loans through Bankruptcy, describing the challenges many face when considering filing for bankruptcy as a financial fresh start. With college debt on the rise and jobs scarce, many consider bankruptcy but rarely find it effective for student loan debt. For a legal consultation, call 856 770 2744
Bankruptcy and Student Loans Read More »
If you think that a care conference for an elderly loved one is a meeting you can easily skip, Claire Merendino, RN suggest that you think again. As one of our elder care coordinators here at Bratton Law Group, Claire often runs into family members who don’t understand the purpose of these meetings. Though the
How to Make the Most of Care Conferences Read More »
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