Special Needs Trust

Special Needs Trust

Special Needs Trust Definition Many times, there are certain people who should NOT receive outright distributions from a Trust.  Some of these times include: When the individual is not able to handle or manage their own affairs, When it would cause the individual to lose other non-Trust benefits, When the individual is vulnerable to exploitation…

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Buy Sell Agreement

Buy Sell Agreement

Buy Sell Agreements A Buy Sell Agreement is part of a succession plan to decide in advance what will happen with a business when certain events occur.  Such planning is crucial for any business with multiple owners.  It is important both when the owners are related to each other and when they are NOT related to…

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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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Trust Decant – Old Wine New Bottle

Trust Decant

Trust Decant The term “decant” means to pour the contents of one container into another container.  It is like pouring old wine into a new bottle.  It has come to refer to the practice of forming a new updated trust, and transferring the assets from an old obsolete trust to the new trust as a…

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