Category: Asset Protection Trusts

How to Pay for Nursing Home Costs

By David Edwards on May 06, 2013 in Aging Parents, Asset Organization, Asset Protection, Asset Protection Trusts, Counseling, not Documents, Funding and Asset Titling, Nursing Home, Why use a Living Trust?, Wills and Trusts

How do you keep life savings from being depleted by nursing home costs? Read our Nursing Home Crisis Plan Case Study to find out one of the ways we helped a client. Quick Summary Mary recently had a stroke and will have to be placed in a nursing facility. She doesn’t want nursing home care [...]

5 Reasons You Need a Trust

By David Edwards on Apr 22, 2013 in Asset Organization, Asset Protection, Asset Protection Trusts, Divorce Risks, For Your Business, For Your Kids, Kids' Inheritance, Lawsuits and Creditor Risks, Long Term Care Risks, Nursing Home, Why use a Living Trust?, Wills and Trusts

Trusts are a very valuable planning tool. When people think about estate planning, most people think about wills. While wills are the most basic/common tool for estate planning, trusts are an incredibly effective way to plan for things that wills can’t address. Trusts can be used to: Organize your assets so it’s easier on your [...]

Granny We Need to Talk: Questions that Can Stop Elder Fraud in Its Tracks

By elisa on Jan 28, 2013 in Aging Parents, Asset Protection, Asset Protection Trusts, Charitable Giving, Grandchildren, Parents, Power of Attorney, Risks of joint ownership

In our past two posts we talked about how Elder Fraud is on the rise and the types of fraud to look out for. Here are 7 questions to ask your friends and loved ones that can raise red flags about the possibility that they are being set up as a target for Elder Fraud: [...]

Who do you call for long-term care advice?

By David Edwards on Apr 27, 2012 in Aging Parents, Asset Protection, Asset Protection Trusts, Cost of Poor Planning, Funding and Asset Titling, Grandchildren, Kids' Inheritance, Long Term Care Risks, Nursing Home, Power of Attorney

When your family hits a situation where mom, dad, grandma or grandpa can’t stay at home anymore, where do you get your advice? From a friend, neighbor or relative who’s dealt with it once before? Support from friends is always needed in difficult situations like this, but you may also greatly benefit from professional advice [...]

Illini or Probate? What’s worse?

By David Edwards on Apr 17, 2012 in Asset Protection Trusts, Kids' Inheritance, Probate, What a Will Does, Why use a Living Trust?, Wills and Trusts

Maybe you’ve heard the joke about the Illini tickets left on the dash of the car in plain sight? Yep. Someone broke into the car and left 2 more tickets on the dash with them! (Cubs fans can thank me. Originally, I was going to use the Cubs in the joke.) Today we’re going to [...]

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: [...]