Category: Asset Protection

New Medicaid laws coming: Joshua Becker quoted in State-Journal Register today

By David Edwards on Aug 19, 2010 in Aging Parents, Asset Protection, Long Term Care Risks, Nursing Home

On the front page of the Springfield State-Journal Register this morning (article not online yet but will be later I’m sure), there is an article about the new Medicaid law changes and how they will impact families. Joshua was quoted several times in the article and a big illustration summary of the law [...]

Should you care about the 2011 estate tax changes?

By David Edwards on Aug 16, 2010 in Estate Tax, Tax, Wills and Trusts

Estate tax changes coming in 2011. Will your family be ready?

The Consumer’s Guide to Medicaid: 2010

By David Edwards on Jun 28, 2010 in Aging Parents, Disability, Long Term Care Risks, Nursing Home

Check out Joshua Becker’s informative, 4 page handbook outlining issues you need to know about qualifying for Medicaid.
Do you have a family member facing a nursing home in the near future? If so, you urgently need to download and read this report.
CLICK FOR IMMEDIATE DOWNLOAD
The Consumer’s Guide to Medicaid:2010
Check out the current schedule [...]

Long-term Care Essentials Workshop

By Joshua on Jun 28, 2010 in Aging Parents, Disability, Featured, Long Term Care Risks, Nursing Home, Wills and Trusts

Long Term Care Essentials Workshop. Nursing home, asset protection, Medicaid

Keeping the Family Farm in the Family

By David Edwards on Jun 01, 2010 in Business or Farm, Family Farm, For Your Kids, Kids' Inheritance, Parents

[originally appeared in the Prairie Farmer magazine - reprinted with author's permission]
“We worked hard to pay for and build up the farm to what it’s worth today. We couldn’t have done it without the help of our son (or daughter). As we do our estate planning, how can we be fair to all [...]

Charitable Giving For Regular People

By David Edwards on May 05, 2010 in Asset Protection, Charitable Giving, Non-Profits, Tax, Wills and Trusts

Do you think of yourself as rich? Hopefully you do, but mostly in ways that don’t show up on a tax return. Are you rich in the things that really matter – loving family, good friends, your faith, serving others? Whether or not you think of yourself as a wealthy person, you can take advantage of [...]

Saving the Family Farm

By David Edwards on Mar 11, 2010 in Asset Protection, Business or Farm, Family Farm

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 be [...]

Preparing For the School Bus Accident

By David Edwards on Mar 08, 2010 in Asset Protection, Lawsuits and Creditor Risks

If you attend a workshop or meet with me individually, you will probably hear about the “school bus trust”. What is it?

Asset Protection: case of the $54 million pair of pants

By David Edwards on Oct 20, 2009 in Asset Protection

“After 2 years in court, I realized we could lose everything we had worked for…I felt heartbroken and overwhelmed.”
You’re heard me talking about asset protection – how you should set up your estate to protect your spouse and children from threats to their inheritance from lawsuits, creditors, divorce, remarriage, etc. [...]

Getting old ain’t for sissies, you know

By David Edwards on Aug 21, 2009 in Aging Parents, Disability, Long Term Care Risks

Getting old ain’t for sissies: 10 Things to Think About

Here are some things to consider for yourself as you look at getting older. They are in no particular order, just my random thoughts from years of working with families facing these situations.
1. Are you having discussions about how you want to [...]

Please, not another blog about Michael Jackson

By David Edwards on Jul 09, 2009 in Asset Protection, Kids' Inheritance, Name Guardians, Parents

There are 2 kinds of people in the world. Some can’t get enough of the Michael Jackson saga. Others are complaining about how all the real news in the world is being drowned out by old Michael videos and talking heads analyzing his dysfunctional family. If you’re in the 2nd group, my apologies. But below [...]

Wealth Transfer or Wealth Reception – Part #2 – The College Years

By David Edwards on Jul 05, 2009 in Asset Protection, Asset Protection Trusts, Kids' Inheritance, Parents

I went to U of I in Champaign-Urbana. Both undergrad and law school. A lot has changed since I left law school in 1995. Many new buildings, and tuition has gone way up. Do you know how much it will cost now for 4 years of undergrad, including tuition, books, room and board, etc.? Somewhere [...]

Michael Jackson: King of Pop (and Estate Planning?)

By David Edwards on Jul 03, 2009 in Asset Protection, For Your Kids, Kids' Inheritance, Name Guardians, Parents, What a Will Does, What a Will Doesn't, Why use a Living Trust?, Wills and Trusts

Are you tired yet of hearing about the Michael Jackson saga? One thing for sure, the gossip media should have plenty to talk about for quite a while. It turns out Michael did have a Last Will & Testament after all. (Thanks to those who sent me links to good articles on his estate issues.) [...]

nursing home – 5 ways to pay for it

By David Edwards on May 02, 2009 in Aging Parents, Asset Protection, Disability, Long Term Care Risks, Nursing Home

How will you (or your parents or grandparents) pay for a nursing home?

Protecting Your Family Like an NFL Lineman

By David Edwards on Apr 20, 2009 in Asset Protection, Asset Protection Trusts, For Your Kids, Kids' Inheritance, Lawsuits and Creditor Risks, Marriage & Remarriage, Parents

The other day I had a chance to speak at the Rotary Club. My topic, like the article “How (and Why) Athletes Go Broke” in the latest issue of Sports Illustrated, was about protecting the money you’ve worked so hard for. There are many ways your spouse, children or grandchildren could end up losing [...]