Long Term Care Insurance

August 9th, 2022
   

Long Term Care Insurance (LTCI) is insurance that covers the gap in care that is left by Medicare and standard health insurance coverage. LTCI is obtained by an individual for

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Tax Avoidance Series: How to Avoid Estate/Gift Tax with Trusts and Annuities

August 1st, 2022
   

The estate/gift tax is a tax based on the value of the assets an individual owns at the time of death or gave away during their lifetime. Luckily, there is

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Avoid the Gift/Estate Tax with the Crummey Trust

July 11th, 2022
   

The estate and gift tax work hand-in-hand. There is a set limit on the amount you can either give during your life or at your death before the gift/devise will

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Avoid Estate Tax without Sacrificing the Step-up in Basis

July 11th, 2022
   

The Estate Tax, also known as the “death tax,” is going to be a reality for many more individuals once the estate tax threshold lowers automatically in 2025.  One strategy

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Traditional vs Roth IRA: Planning for Seniors

July 7th, 2022
   

I received a lot of unsolicited advice throughout college and law school. Professors seem to love to lament the naïve mistakes of their past selves and to try and convince

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The Basics of Life Insurance

May 23rd, 2022
   

Understandably, the prospect of searching for life insurance can be somewhat intimidating. Adults now understand that high school did not adequately prepare us for the financial struggles ahead. I doubt

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What is a Beneficiary?

May 23rd, 2022
   

Perhaps the terms that get conflated most often when speaking of inheritances is “heir” and “beneficiary.” Far from synonymous, the two terms are used to describe a person who stands

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Working Toward a Tax-Free Retirement with Long Term Care Insurance

May 20th, 2022
   

I have spoken at length about how pre-taxed funds can complicate an estate plan. While having a fund that you can grow with pre-taxed money can increase the rate of

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Long-Term Care Insurance: The Missing Piece of Your Estate Plan

May 20th, 2022
   

          If you wanted to cross a bridge and someone told you that the bridge had a 70% chance of collapsing, would you cross it? No.

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