Trust protectors ensure that trustees maintain integrity, make solid distribution and investment decisions, and adapt the trust to changes in the law and circumstance.
The National Vaccine Injury Compensation Program (NVICP) provides compensation for individuals who suffer an adverse reaction to a vaccine. Although vaccines are capable of causing a wide variety of injuries, some injuries occur more frequently than others. As a result, some injuries are more commonly filed and compensated under the NVICP than others. Commonly reported vaccine injuries reported to the NVICP include the following
A joint trust can be structured so that when one spouse passes away, the trust is split into two sub-trusts: a survivor’s trust and a decedent’s trust.
The process of settling the estate of a loved one can be time consuming and emotionally draining. Finding your footing within the complex legal system can be a challenge, especially if you are unfamiliar with the process. In this blog post, we'll walk you through some key information to help guide you through the probate process with confidence.
40% estate tax could apply to gifts over approximately $6.4 million come 2026. Many families with high net worth will need to reevaluate their estate plans and adjust strategies to preserve their property and investments. One strategy is to take advantage of the deceased spousal unused exclusion amount (DSUEA)
Long-term care insurance and Medicaid are two options that individuals can consider to cover their long-term care expenses. This article aims to provide you with a comprehensive understanding of what long-term care insurance and Medicaid are, and the differences between the two.
There are both advantages and disadvantages to revealing information in your estate plan. You can choose to communicate specific details or offer a broader explanation to everyone involved.
A big concern many of our clients have is, “If my spouse needs to go on Medicaid, can I still stay in our house?” For many couples, their house is their biggest asset and the thought of losing it can be devastating. But there is good news - there are ways to protect your home while also ensuring your loved one receives the care they need. In this blog post, we will explore Medicaid’s spousal impoverishment rules and how they can protect families from foreclosure.
When administering a trust, the trustee might encounter situations in which they need to convert trust assets into cash to provide liquidity to the trust. This could mean selling stocks, bonds, real estate, or other high-value assets to generate funds. Though this decision must be based on prudent investor rules or standards and be in the best interest of the beneficiaries, trustees generally don't need beneficiary approval to liquidate or sell trust property.
Sean and Leigh Anne Tuohy took Oher into their home and were appointed as conservators of his estate. But Oher has recently alleged that the Tuohys never actually adopted him. Oher alleges that the Tuohys tricked him into agreeing to the conservatorship and unjustly profited from his trust in them.
