Estates involve family, trust and money which is a recipe for trouble. Many times, this is the largest “check” or money that an individual may receive during their lifetime. The process demands transparency and confidence. Many times the Executor and the Estate fall short. Executors are … [Read more...] about Is an Executor Required to Communicate with Beneficiaries?
3 Concepts That You Need to Know When Setting Up an Estate Plan Trust
Posted By: Ken Russell | April 24th, 2017 Trusts are one of the cornerstones of Estate Planning. Trusts are a very flexible concept with multiple uses which are developed and tailored to each family and their respective needs. Here are 3 concepts that will help you to determine what kind of … [Read more...] about 3 Concepts That You Need to Know When Setting Up an Estate Plan Trust
Slaying the Tax Dragon – Annuities
Tax expertise. It is one of the most important areas that our clients rely upon us, especially as it relates to the Pennsylvania Inheritance Tax and the Federal Estate Tax. We, of course, provide our clients with appropriate and accepted strategies for tax minimization or avoidance. But, in … [Read more...] about Slaying the Tax Dragon – Annuities
Medicaid Planning – Saving a Legacy
Posted By: Ken Russell | September 6th, 2018 Medicaid Planning is, in part, an effort to preserve a financial legacy for children despite the fact that a parent is about to experience the potential devastating financial costs of growing old. The average cost of a nursing home in Pennsylvania … [Read more...] about Medicaid Planning – Saving a Legacy
Why a Power of Attorney is a Very Dangerous Document & What You Can Do to Protect It
Posted By: Ken Russell The most dangerous document an attorney can draft for a client is a Power of Attorney (POA). The POA allows another person – an “Agent” (typically a child, sibling, or trusted friend) – to perform financial transactions for another person – a “Principal.” The POA is … [Read more...] about Why a Power of Attorney is a Very Dangerous Document & What You Can Do to Protect It
Medicaid 101 – Medicaid Pre-Planning: Protecting a Loved One Before They Need a Nursing Home
Posted By: Ken Russell | July 25th, 2019 In medicine, the saying goes, “an ounce of prevention is worth a pound of cure.” The same holds true for Medicaid Pre-Planning in order to protect your or a loved one’s assets from the devastating costs of nursing home care. As stated earlier in our … [Read more...] about Medicaid 101 – Medicaid Pre-Planning: Protecting a Loved One Before They Need a Nursing Home
