August 10, 2022 1:07 AM

Main News

Main News
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By Fate Kersey
What happens when you die without a will? Intestate succession laws govern what happens to your estate if you have no will. Intestate succession laws specify who will inherit your property. Survivors, siblings, and friends will inherit your property, but if you have no children, the state will take the...
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By Fate Kersey
The question of what happens to the funds in a Special Needs Trust (SNT) when the beneficiary dies has a complicated answer. It all depends on how the SNT is set up. The money belonging to the beneficiary should not be placed in the same fund as third-party funds. And...
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By Fate Kersey
Pros and cons of creating a special needs trust for disabled children. These trusts have very strict distribution rules that prevent beneficiaries from receiving Medicaid or SSI benefits if they receive significant cash distributions. Disqualification is likely if the trust does not meet this stringent standard. But this restriction doesn’t...
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Date:
By Fate Kersey
In this case, a special needs trust was necessary because the children refused to serve as attorney-in-fact for their mother. When these children refused, the attorney went to the family and found a cousin who agreed to act as her attorney-in-fact. As a result, a special needs trust was established...
Main News
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By Fate Kersey
As an individual, it is essential to prepare an estate plan in advance to ensure that your wishes will be carried out in case something unfortunate happens to you. You should consider who you want to be the executor of your estate, and consider who will be your alternates. An...
Main News
Date:
By Fate Kersey
What is the main difference between a traditional trust and a special needs one? Essentially, a special needs trust is a trust that is made up exclusively for the benefit of a person with special needs. The assets of such a trust are managed by a trustee, who is usually...
Main News
Date:
By Fate Kersey
You may not be aware of it, but a will does not have to be registered to be valid. Even though it requires additional work, a will still serves as a legal document, so it’s important to know where to look for it. It’s the last chance to leave instructions...
Main News
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By Fate Kersey
The purpose of a special needs trust is to provide funds to help your special-needs loved one. Although most trusts are set up using insurance proceeds or a portion of the parents’ estate, you can also set one up with no funds. In either case, it will pay for the...
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By Fate Kersey
You are entitled to an attorney for a number of reasons, including the right to represent you in court. If you or your loved one is deemed legally incompetent, the court can appoint a guardian to make decisions for them. The guardian can also make changes to the guardianship if...
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By Fate Kersey
What is the estate planning process? The estate planning process involves taking steps to protect your assets, minimize expenses, and pay any estate taxes. There are different strategies for each asset type, including real estate, business interests, and family-owned businesses. Trusts and permanent life insurance are also commonly used. An...
Main News
Date:
By Fate Kersey
When it comes to protecting your loved one’s financial future, a Special Needs Trust is a wise choice. These trusts protect government benefits and secure an inheritance or court settlement for a disabled individual. Because the disabled individual can’t manage their own money, there is a lower risk of exploitation....
Main News
Date:
By Fate Kersey
When you’re struggling with financial problems, you may be asking yourself: “Do I need asset protection?” If you answered “yes” to either of these questions, then you’re on the right track. However, you should keep in mind that there are many different kinds of asset protection strategies available. Some of...