Family farms. Effectively planning to protect the family farm requires us to consider at least two types of planning. And the 2 types involve 2 different definitions of “save”. 1. Does it mean to transfer the farm and protect it from nursing home costs, estate taxes, or other risks that could cause the property to [...]
As you work on your estate plan, don’t forget to consider charitable giving. Here are some basic questions to ask yourself: If I plan to give to charity at death, have I considered just giving during my life instead? Give now, enjoy an income tax deduction and also enjoy seeing the money help others. Plus, [...]
If you attend a workshop or meet with me individually, you will probably hear about the “school bus trust”. What is it?
You may have heard people discuss probate and how horrible it is. But what in the world is probate? And why do people want to avoid it?
Joint ownership with a right of survivorship, or joint tenancy, is a common method of owning assets. Particularly with husbands and wives, it is a very common ownership method. Many people hear about joint tenancy as being a good estate planning tool – a way to transfer their assets to a loved one without court [...]
I am often asked whether a living trust will protect assets from nursing home costs, lawsuits, or other risks. The general answer is “no.” A living trust is designed to help organize your assets and prepare for a time where you may face a disability or when you pass away. A living trust is under [...]
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Edwards Group LLC 4340 Acer Grove, Springfield, Illinois 62711 (217) 726-9200
