November 1, 2017

Asset Protection for Seniors

Though end-of-life care is not always the most comfortable topic to discuss, it is a necessary aspect to consider when seniors are coordinating their finances. Estate planning for seniors should not be a challenging subject, but many people find it hard to keep track of all the elements that asset protection can involve.  From trusts to tax reduction and everything else in between, asset protection for seniors can be a simple process for many seniors. It bodes well to consider […]
February 22, 2013

What is a Testamentary Trust?

There are many different types of trusts that are created for a wide variety of purposes. One of the most common trusts is a Testamentary Trust which is typically set up for a young child, a relative with a disability, or any other person who inherits a large sum of money upon the death of a testator. This type of trust is commonly contained in a will which provides how the estate or part of an estate is to be […]
February 20, 2013

What is a Special Needs Trust?

When an individual creates a trust it is a legal document which contains specific instructions regarding how resources are distributed and/or managed. The Grantor is the person who establishes the trust; the Beneficiary is the person for whom the trust was created and they will receive the benefit of the trust. When the Grantor draws up a trust they will also appoint a Trustee who will manage and distribute the funds to benefit the Beneficiary. There are many ways that […]