Year: 2013

Prepaid funeral plans may not be such a great deal after all

December 17, 2013

Prepaid funeral plans have become more and more popular in recent years and there can be certain benefits from these if done properly. However, a great many of these types of arrangements are problematic and end up with unintended consequences. As with any “investment”, there should be a great deal of care used […]

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Staying Eligible for Medicaid After The Death of a Spouse

November 26, 2013

Determining eligibility for Medicaid can be tricky at the outset and maintaining eligibility over time can also be complicated. With the rising costs of long-term care, including nursing home expenses, Medicaid and being qualified for the same is becoming an ever-more-important subject for many people. There are certain rules and regulations established by state and […]

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Staying Eligible for Medicaid After The Death of a Spouse

November 26, 2013

Determining eligibility for Medicaid can be tricky at the outset and maintaining eligibility over time can also be complicated. With the rising costs of long-term care, including nursing home expenses, Medicaid and being qualified for the same is becoming an ever-more-important subject for many people. There are certain rules and regulations established by state and […]

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Will my life insurance be taxed?

November 5, 2013

Life insurance is a very important part of any estate plan. There are a variety of different life insurance options available in the market place today and these options can be custom tailored for every possible scenario and need. How is life insurance taxed, if at all? Great question, glad you asked. See below. […]

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Five Numbers Related to Long Term Care (warning, these are not for the faint of heart)

October 31, 2013

The costs of long term care–see below: Recently, many of our clients have let us know that one of their chief fears has nothing to do with taxes or probate, but rather what might happen to their family and estate if they had to be admitted to a Nursing Home or some other long […]

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An unfunded trust is like an empty barn

October 26, 2013

Proper funding of the trust at the outset and maintaining correct funding over time is essential. Imagine a wise and wealthy farmer. This farmer has lots of valuable property, from expensive tractors and other equipment to prize-winning livestock. Because of his wealth and wisdom, this farmer determines it will be a good use of his […]

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do it yourself estate planning is penny wise and pound foolish

September 10, 2013

“Do it yourself” estate planning is not a good idea… We’ve blogged on this subject previously, but it just keeps coming up, including a few times again last week. Therefore, it’s worth revisiting this topic yet again. Imagine a scenario where you’re talking to a good friend, while sitting in the park on a sunny […]

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WHY A 2 PAGE TRUST LIKELY WON’T CUT IT–UTAH ESTATE PLANNING ATTORNEY

August 30, 2013

Short and sweet is good with many things, but when it comes to the world of an estate planning, particularly with regard to your living trust, this approach is not recommended. One of the main purposes of a trust is to anticipate, plan and protect against potential issues that might arise during life and after […]

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What is my gross estate in the eyes of the IRS?

August 26, 2013

Last week, while doing a workshop, we were discussing this very topic. We used the hypothetical example of “Bob and Mary” and their $700,000 estate. When I explained that Bob and Mary were average middle-class people and that their “estate” was $700,000, I received a few strange looks. Presumably, people were thinking that someone […]

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Estate Planning Myth: “Its not worth the trouble and expense of hiring an attorney…”

August 21, 2013

Let’s face it, the prospect of dealing with an attorney is not pleasant for most people. Even as an attorney, the thought of working with another attorney makes me a little uncomfortable…:) In fact, I would even suggest that for most attorneys, the worst part of their job is having to deal with other attorneys. […]

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