by Susan Grissom | Dec 6, 2016 | Elder Care, Estate Planning, Special Needs Trust, Wills & Trust
Any person who has responsibility for someone with a disabling medical condition, like a parent of a child with cerebral palsy, for example, may want to set up what’s called a Special Needs Trust for that disabled person. The advantage of a Special Needs Trust is that...
by Susan Grissom | Nov 29, 2016 | Elder Care, Estate Planning, Probate, Wills & Trust
Are you the Caregiver for a loved one who is a senior? Are you concerned that as a caregiver you don’t have everything you need in place? The following is a checklist of things caregivers of seniors should consider putting in place. Medical Create a list of all...
by Susan Grissom | Nov 1, 2016 | Elder Care, Estate Planning, Probate
Every adult has the right to make their own decisions about their life. There are times when an adult can no longer fulfill that responsibility, because of mental or physical problems that incapacitate them. When that happens, the legal remedy is guardianship or...
by Susan Grissom | Sep 15, 2016 | Elder Care, Estate Planning, Wills & Trust
There is no hard and fast answer to your question of how long an Agent needs to keep financial documents. For tax purposes, people often recommend keeping seven years of records. For Medicaid purposes five years is enough, as you are doing. In terms of your siblings,...
by Susan Grissom | Sep 1, 2016 | Elder Care, Estate Planning, Wills & Trust
Passing down a Roth IRA can seem like a good idea, but it doesn’t always make the most sense. Before converting a traditional IRA into a Roth IRA to benefit your heirs, you should consider the tax consequences. Earnings in a traditional IRA generally are not...
by Susan Grissom | Aug 15, 2016 | Elder Care, Estate Planning, Wills & Trust
Does your estate plan include provisions for incapacity or does it only take effect after your death? Does your Estate Plan include a Last Will and Testament and perhaps a Revocable Living Trust to distribute our assets following death. Your Estate Plan should include...
