The use of 529 plans, named for Section 529 of the Internal Revenue Code, have been a popular way to reduce an individual’s taxable estate; save for a child, grandchild, or other family member’s education; and receive tax-free growth of educational savings for several...
Power of Attorney A durable power of attorney is one of the most important estate planning documents you can have. It allows you to appoint someone to act for you (your “agent” or “attorney-in-fact”) if you become incapacitated. Without a power...
Britney Spears’s legal fight to wrest back control over her personal and financial affairs has flooded the issue of guardianship in Klieg lights. While a full guardianship may be necessary for many individuals who are incapable of managing their own affairs due to...
John and Nancy have two children, Michael and Maria. Maria is disabled and receives a number of public benefits to support her care needs. John and Nancy intend to leave their entire estate to Michael. Their logic is that Maria will continue to receive public...
Estate Planning to Protect Assets from Long Term Care Costs The tightening of public benefits eligibility rules favor those with time to plan. If you have a family asset that is important to protect, whether it be a family business, farm, or accumulated savings,...
