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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…

Is There a Difference between a Qualified Income Trust and a Special Needs Trust?

Santa, Is There a Difference Between a Qualified Income Trust and a Special Needs Trust? Yes, Virginia, there is a difference and you need to consult a qualified elder law attorney to know which document you need based on your personal circumstances. A ‘Qualified Income Trust‘ is required if you are applying for Medicaid assistance…

Planning For After Divorce

Divorce can take its toll on a person’s physical, emotional, mental and financial well-being. Even after the divorce is final, moving forward and starting anew can seem daunting especially when there are minor children of the marriage. While keeping up the daily routines of preparing the family for school, going to work, team sports and household chores, it is easy…

Pet Trusts

Your Beloved Pet Deserves a Pet Trust Recently, more people are including their pets in their estate plan. In 2012 a Tennessee resident died and provided for the future care of his two casts in his Last Will & Testament. He has left $250,000.00 and his home to Frisco and Jake. The monies that remain after…

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