There are two basic types of trusts — revocable and irrevocable.
A trust is a box that we put assets into — our house, our investments, checking accounts, etc. In the video we illustrate this by using a fancy treasure chest — well, it was ten dollars off Amazon. 🙂
A revocable trust is one that I can change my mind on — I can put … (Read more)
Often when folks consider estate planning, especially long term care planning, the option of “giving away assets to my children” is high on the list because it is the cheapest option. But it is also the most expensive at the same time.
Let’s take a look at this.
Often in doing proper elder law/estate planning, we need to transfer assets out of our … (Read more)
There are a lot of differing opinions when it comes to estate planning but most experts agree that if you have the right person to serve as your agent, then an essential estate planning document is a “power of attorney” or “durable financial power of attorney”.
Let’s see why. . . .
This is a legal document where you give someone else (“agent”) the power to sign on your behalf. The power to, in … (Read more)
One of the most overlooked factors in estate planning is “legal ownership” and this is a huge mistake because if you don’t understand this concept, your entire estate planning process and your strategies can be worthless.
Here are some examples:
Let’s look at some examples of these and how they impact your desires and plans.
You are here because you want to learn more about the remarkable VA Pension (Aid & Attendance) benefit that can pay war time veterans up to $25,000 a year tax free. We hope you find this 42 minute video of John Watts helpful as in the interview you will learn the following: