You might be in a pickle if… You get Your Trust or Will from the Internet

What are the Duties of a Trustee for an Irrevocable Trust?

The trustee is the person responsible for the management of a trust. He or she has a duty of loyalty, known as a fiduciary responsibility, for the beneficiaries of the trust. This places a legally enforceable standard of care on the trustee. The trustee must Protect...
You might be in a pickle if… You get Your Trust or Will from the Internet

What Will Happen to My Special Needs Child After I am Gone?

The Child Whether 2 or 82 years old, your child’s welfare is a major concern for you. Your special needs child may be able to maintain gainful employment, but they may not be able to live independently. You want to make sure that they are taken care of for the rest of...
You might be in a pickle if… You get Your Trust or Will from the Internet

You might be in a pickle if…

You deed your house to the kids. We have heard people say they want the kids to get their house, so they will sign the deed over to the kids. Then no one else can get it. Here is the problem- if you need TennCare or Medicaid, there is a five year “look back” period....
How Will the Aging Middle Class Afford Long Term Care?

How Will the Aging Middle Class Afford Long Term Care?

As we age, the simple things we once took for granted become more difficult — and more expensive. That’s a truth all of us know. What you may not realize is that the aging middle class will face unique difficulties going forward. The private market offers...
Long Term Care: When an Inheritance is Not a Good Thing

Long Term Care: When an Inheritance is Not a Good Thing

Consider the situation where your spouse is living in a nursing home because he or she has advanced Parkinson’s Disease. Your spouse is currently receiving Medicaid benefits to pay for the high cost of that care. If you were to pass before your spouse, you wouldn’t...