Estate Planning for Hyper Inflation

Estate Planning for Hyper Inflation

Hyper Inflation Planning for inflation is challenging.  Inflation is a tricky monster.  It creates the illusion of an increase in value.  When prices go up, things are worth more.  Right?  Wrong!  With inflation, prices go up, but value remains the same.  In reality, inflationary price increases mean the currency is worth less.  Inflation means that…

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What Is a Miller Trust?

Miller Trust

What is a Miller Trust? A Miller Trust is an estate planning tool some people use when they don’t meet the criteria for Medicaid (ALTCS in AZ). It is used when their income exceeds the ALTCS income requirements, but don’t make enough to cover their medical needs. With a Miller Trust, a person assigns their…

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Avoiding the Nursing Home Cost Crisis

Nursing Home Meltdown

Medicaid Spend Down Many of our clients are concerned about avoiding the nursing home cost crisis.  What is the crisis? The cost of long term medical care has the potential to consume your entire estate.  This is the nursing home cost crisis.  It could be called the Medicaid Spend Down dilemma.  Going into a nursing…

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Domicile In Florida

Domicile in Florida

No Tax States Clients frequently ask where they can move to reduce their local income tax.  There are several states that have either very low or no income tax including as of this article Alaska, Wyoming, Tennessee, Florida, New Hampshire, South Dakota, Texas, Washington, and Nevada.  It is important to remember that income taxes are…

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