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The Invaluable Benefits of a Well Drafted Durable Power of Attorney.

This month’s ‘Tips and Tales’ focuses on the invaluable benefits of a well drafted Durable Power of Attorney. Tale:   Jane Smith was involved in a catastrophic automobile accident.  Although rendered a paraplegic her cognitive abilities were not affected.  Since she was able to speak and communicate it was not necessary to pursue legal guardianship in order for her to…

Tips To Organize Your Affairs For 2018

As we welcome this new year and new opportunities why not organize your legal and financial affairs? It benefits you, your family as well as your advisors who guide you through legal, tax and investment issues. Here are some tips: Contact your banks and have them confirm whether you have designated beneficiaries and who they are Contact your retirement…

Why Estate Planning and Medicaid Planning Take Different Paths

Clients frequently ask “Doesn’t my revocable trust protect my assets if I get sick and require long term care services?”  Clients are surprised when the answer is that their revocable trust assets, which they control, are countable if the client has a chronic illness and wants to apply for Medicaid. Clients want to stay in control of their…

Failure to Report Settlement to Social Security Results In Woman Facing 15 years in Federal Prison

It’s been a long time since we have seen this scenario and surprising that it still happens. You need to know if your client receives government benefits. Inform them the settlement can affect their entitlement, and encourage them to meet with me to obtain the best planning advice. Scenario: a child is injured during the birth…

Tips For You To Know About Social Security Benefits

How well do you think you know your entitlement to social security benefits? Entitlement to benefits is based on a variety of factors such as marital status (including remarriage). How a change in marital status impacts your benefits: SSI Benefits: If you receive Supplemental Security Income (SSI), which limits you to owning no more than $2,000.00 in countable…

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