Category Archives: Trust Admin/Trustee
Medicaid Strategies: Medicaid Asset Protection Trusts
One of the greatest concerns facing seniors and their families is the possibility that long-term care costs will consume a lifetime of savings. With nursing home care in Florida exceeding $100,000 per year, many people find themselves caught between two undesirable outcomes: paying privately until their assets are depleted or relying on Medicaid after… Read More »
Suggested Questions to Ask the Doctor on Your Behalf or for Someone You Represent
Making informed health care decisions, whether for yourself or a loved one, requires asking the right questions and understanding the answers. The following guide will help you gather essential information from medical professionals, so you can confidently navigate treatment options and advocate for the best possible care. Questions to Ask About Medical Tests Why… Read More »
Things to Consider When Naming a Trustee
When you establish a trust–whether it’s a revocable living trust, a testamentary trust, or a special purpose trust such as a special needs trust–you’ll need to name a trustee. Picking the right trustee is critical to ensure that the goals of the trust are fulfilled and that your finances, and your family, are protected…. Read More »
How Are Trustees of Special Needs Trusts Compensated?
Serving as trustee to a trust, especially a special needs trust, is no small undertaking. It can be a time-consuming and complex endeavor. Moreover, administering a trust properly requires adhering to a number of regulations as well as to the guidance of the trust documents, carrying potential liability for any missteps. For that reason,… Read More »
Incentive Trusts Provide Motivation to Heirs
While planning your estate, you may be on the hunt for ways to retain as much control as possible over how your hard-earned funds are distributed after your passing. You may want to use your estate funds as a way to inspire your heirs and loved ones to create a thriving professional life for… Read More »