Posts Tagged ‘Estate Planning’
Lottery Winner Now What
I Won The Lottery, Now What? We have represented many lottery winners over the years. If you are a lottery winner, “Now what?” is the question on your mind. We approach this question with our clients not just from a legal or financial perspective, but from from the view of its wholistic impact on both…
Read MoreEstate 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…
Read MoreWhat Is a 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…
Read MoreSpecial 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…
Read More