Senior Life Care Planning works with seniors and their families as advocates for their quality of life, whether at home, assisted living facility or nursing home.
Determining funding of a special needs trust (SNT) is no easy task.
From the following blog http://mhs.typepad.com/threepointfive-45/dying-free-of-the-federal-estate-tax-billionaire-deaths-in-2010.html Billionaire Fortune Date of Death Estimated Net Worth (from Forbes billionaires, 3/10/10) Mary Janet Cargill inherited, Cargill Inc. February 5, 2010 $1.7 bil Dan L. Duncan self made, energy March 28, 2010 $9.0 bil Walter Shorenstein self made, real estate June 24, 2010 $1.1 bil (with family) George Steinbrenner self made, Yankees July 13, 2010 $1.1 bil John Kluge self made, Metromedia September 7, 2010 $6.5 bil
Unfortunately, we see many horror stories by people taking advice from their neighbors, acquaintances and friends. Thus, we help you save thousands of dollars per month through our nursing home and estate planning strategies.
With congress in post-election turmoil and heavy ideological difference at stake, there are many things that we simply can’t yet know and this makes planning both essential and baffling.
The remaining months of 2010 may prove an uneasy time for tax and financial planning – with the status of Bush-era tax cuts and the possible return of the estate tax hanging in the balance while a “lame duck” congress still has the wheel.
During the seminar, the marketer describes the benefits of living trusts and repeatedly states that every seminar participant should have a living trust.
A Medicaid Friendly Irrevocable Trust has asset protection potential for those whose health and budget will allow them to leave the assets undisturbed for five years.
To become a more effective advocate for your loved one with special needs: v Follow through on your instincts and investigate anything that you think may not be on the up and up. v Put it in writing and save a signed copy for your records, specifically lay out what is bothering you or your family member. The more focused you are in your letter it’s easier for the caregiver or supervisor to resolve it. v Whether your loved one lives with you, in a group home, or in a long-term care facility, you must be physically present in order…
One area where it is crucial to make sure the premarital agreement is integrated with the estate plan is with regard to the residence. For example, while many premarital agreements provide that the surviving spouse may remain in the residence, the house may be in a revocable living trust that goes directly to the children. To avoid such conflicts, Ganderson tries to have the estate plan completed before the marriage. One option for clients who want to allow a surviving spouse to continue to reside in the home is for the wealthy spouse to set up a trust to provide…
Frederick, MD 
301-663-9230