Category: Kids’ Inheritance

Consumer’s Guide to Medicaid 2011

By Joshua on Feb 28, 2011 in Aging Parents, Asset Protection, Disability, Kids' Inheritance, Nursing Home, Special Needs, Wills and Trusts

There haven’t been many changes since last year, but our Consumer’s Guide to Medicaid for 2011 is now out. Last year’s edition was one of our most popular downloads of 2010. If you, or anyone you know may be facing a nursing home, then this guide can help you better understand the basic issues at [...]

Estate Tax Update: What the Changes Mean for You

By David Edwards on Jan 24, 2011 in Asset Protection, Estate Tax, Kids' Inheritance, Tax, Wills and Trusts

It’s been a busy couple of weeks with estate tax changes — both state and federal. I spent last week at what some consider to be the Superbowl of estate planning. While at the Heckerling Institute on Estate Planning in Orlando, (not heckling as in what I do when Illinois plays Michigan, but Heckerling, as [...]

Planning with Life Insurance

By David Edwards on Dec 21, 2010 in Asset Protection, Business or Farm, Divorce Risks, Estate Tax, For Your Business, For Your Kids, Kids' Inheritance, Marriage & Remarriage, Tax, Wills and Trusts

We often use life insurance as a tool in helping clients. Life insurance is important in many estate-planning situations, such as the following: A young family. To help raise the kids and get them through college if a parent dies young. Business owners. A buy-sell agreement between partners in a business is important. But the [...]

Pre-nups, Not Just for Divorces Anymore

By David Edwards on Dec 14, 2010 in Asset Protection, Asset Protection Trusts, Divorce Risks, For Your Kids, Funding and Asset Titling, Kids' Inheritance, Marriage & Remarriage, Parents

What does a pre-nup have to do with estate planning? Let me tell you. A pre-nuptial, or pre-marital agreement, outlines how a married couple will handle their assets. It covers more than what happens in a divorce. If we assume the couple will be happily married forever, here are still at least 2 situations that may need planning ahead: [...]

$14 Million Gone In Just 12 Years! What will your kids do with their inheritance?

By David Edwards on Dec 08, 2010 in Asset Protection, Asset Protection Trusts, Grandchildren, Kids' Inheritance, Leave a Legacy, Parents, Wills and Trusts

Check out this stunning article about blown inheritances: Family’s Fall from Affluence is Swift and Hard You might expect a story about blown inheritances to exclusively belong to the twenty-something crowd, but in a recent article from The New York Times we see that it can happen to anyone, no matter their age. Quick money can disappear just as quickly [...]

Quiz: Is My Family Ready for Their Inheritance?

By David Edwards on Dec 02, 2010 in Asset Protection, Kids' Inheritance, Wills and Trusts

quiz on your estate plan: does your plan prepare your children for their inheritance? Take our True False Quiz about wills and trusts and protecting your family’s wealth, business, farm, or savings