Dear Kiwi and Mango, My husband and I are ready to embark on our Estate Planning. This is the second marriage for both of us, and we aren’t sure whether to get a joint trust or separate trusts? I read somewhere that there is a … [Read more...]
Print This PageWhy Set Up a Trust for Your Children or Grandchildren?
August 14, 2024 by
If you are considering transferring wealth to your children or grandchildren, a trust is usually the best method. It is almost always the best way to protect an inheritance from potential depletion due to lack of financial acumen, … [Read more...]
Print This PageThe Top 10 Causes of Senior Driving Accidents
June 11, 2024 by
The population of seniors who are older than 65 has grown at a faster rate than any other age bracket, and they are continuing to drive longer than ever before. According to the Federal Highway Administration (FHA), there were 48 … [Read more...]
Print This PageNew Federal Rule Sets Minimum Staffing Requirements for Nursing Homes — the Biggest Reform in Nursing Home Policy in Decades
April 30, 2024 by
A federal mandate that sets minimum staffing requirements for nursing homes was finalized by the Centers for Medicare and Medicaid Services (CMS) last week. Three final rules were issued to “fulfill President Biden’s commitment to … [Read more...]
Print This PageHow Estate Planning Helps You and Your Caregiver
March 15, 2024 by
Dear Angel, I have Parkinson’s and need lots of care, and I know things are just going to get tougher. My sister is my caregiver who helps me full-time. I heard that getting my estate planning and long-term care planning in … [Read more...]
Print This PageAre Transfer on Death Deeds a Good Alternative to Estate Planning?
February 9, 2024 by
Q. I was recently discussing with my husband what would happen to our house in Annandale, Virginia when we are no longer around, especially since we don’t have our estate planning in place yet. One my friends’ parents recently … [Read more...]
Print This PageHow Are Taxes Filed if One Spouse is on Medicaid and the Other Spouse Has an Irrevocable Trust? And Does Getting Social Security Change How Taxes Get Filed?
February 2, 2024 by
Q. Thank you again for working with our family last year to protect our parents' assets, get our father approved for nursing home Medicaid, and set up an irrevocable Living Trust Plus for our mother. Now that it's tax time, we … [Read more...]
Print This PageDoes the Corporate Transparency Act Apply to Trusts?
January 12, 2024 by
Q. My wife and I recently acquired a rental property and are considering forming an LLC this year and exploring any other options, such as trusts. I heard that the Corporate Transparency Act went into effect on the first of the … [Read more...]
Print This PageRetiree Confidence Is the Lowest in 15 Years! How You Can Plan Ahead for Retirement and Long-Term Care
May 2, 2023 by
About 10,000 Americans turn 65 every day, and though everyone's financial situation is different, that means that millions of people are getting ready to retire each year. But according to a recent survey, many are not confident … [Read more...]
Print This PageUsing LLCs and Asset Protection Trusts for Asset Protection of Rental Property
January 21, 2023 by
Q. I own a rental property in Springfield, Virginia, that's just in my name. I heard the best way to protect my assets, should I be subject to a lawsuit, is by creating an LLC for my rental and deeding the house to the LLC. But I … [Read more...]
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