Case Example: Importance of a Properly Drafted Irrevocable Income-Only Trust

Some attorneys and others interested in the field of Medicaid Asset Protection may have been a bit worried about a recent case arising out of Wisconsin -- Hedlund v. Wisconsin Dept. of Health Services (Wis. Ct. App., No. … [Read more...]

How to Avoid Losing Massive Amounts of Money to a Nursing Home

When older adults think of estate planning, many actually have asset protection in mind. What they want is the peace of mind of knowing that the nest egg they’ve been saving for that proverbial “rainy day” will actually be … [Read more...]

A Mixed Bag in Virginia: Federal Law Prohibits 2011 Social Security Increases, but Federal Agency Grants Millions to Disadvantaged Groups

As Halloween approaches this year, I can't help but draw an analogy between the nights I spent meandering my neighborhood as a kid looking for handouts, and our current economic times.  I recall my grade-school friends and I … [Read more...]

Upcoming Seminars for Lawyers and Clients

  I'm conducting two seminars this week on the topic of Income Only Trusts. The first one is a teleseminar for attorneys around the country who are members of the professional group ElderLawAnswers.  Entitled Using Income Only … [Read more...]

Using a Reverse Mortgage to Pay for Home Care

Many of my clients ask me how I feel about reverse mortgages, and even more so this past week because of a favorable story that appeared in last week's Washington Post entitled "Reverse Mortgages are Not the Next Subprime."  This … [Read more...]

Major Change in Estate Tax and Capital Gains Tax for 2010

Because of a Congressional failure to act before the end of 2009, there's good news and bad news to report on the Estate Planning and Elder Law front.  The good news is there's no Estate Tax if you die this year.  The bad news is … [Read more...]

Evan Farr Teaches Course for Elder Law Attorneys Natonwide

~You Can Sign Up for a Similar Course for Consumers~ Last Thursday, Evan Farr conducted a national, attorney-only teleconference sponsored by the National Business Institute (NBI) on the topic of the Income Only Trust -- an asset … [Read more...]