How to Keep Your Life Insurance Policy From Being Taxed After Your Death
If the beneficiary of your life insurance policy is someone other than your spouse, such as your children or other family member, your policy may be included in your taxable...
529 Accounts- Cleveland Elder Law Attorney
Named after Internal Revenue Code Section 529, 529 accounts are typically set up to earmark funds for the higher education of a grandchild or other family member. Funds placed in...
A Brief Overview of Supplemental Security Income (SSI) – Cleveland Elder Law Attorney
SSI, which stands for Supplemental Security Income, is a program administered by the Social Security Administration (SSA) that is designed to provide financial assistance for the elderly, blind and disabled....
Can A Person Work and Collect Social Security?
The answer is yes, however, the income you earn from work could reduce your monthly benefit if you earn more than what is allowed by Social Security. The amount of...
Medicaid Ineligibility Period- Cleveland Elder Law Attorney
Another downfall to gifting assets is that the children given the assets may not save for the parent’s needs. When a trust is used to protect assets for long-term care...
The Four D’s of Estate Planning- Cleveland Elder Law Attorney
A trust is often created to protect assets from the costs of long-term care. We are often asked why it is not advisable to simply give assets to a family...
Special Needs Trusts- Cleveland Elder Law Attorney
Special needs trusts, or supplemental needs trusts, are a type of trust designed to provide benefits to a person who has a disability while protecting their assets. The main reason...
Testamentary and Inter Vivos Trusts- Cleveland Elder Law Attorney
Testamentary and inter vivos trusts are two types of trusts that should be explored when estate planning. Testamentary Trusts A testamentary trust is created as part of the last will...
Revocable and Irrevocable Trusts- Cleveland Elder Law Attorney
There are many types of trusts, designed for a variety of purposes. In fact, a trust may be created for any legal purpose. Two terms that you will likely hear...
What is a Trust? Cleveland Elder Law Attorney
Trusts can be a useful tool when planning for long-term care needs and estate planning. There is no one size fits all trust, and the best trust is one that...
Durable Power of Attorney- Cleveland Elder Law Attorney
Do you think that because your elder loved one has a power of attorney they are protected? What many people do not realize is that a normal power of attorney...
What Your Elder Law Attorney Can Do For You- Cleveland Elder Law Attorney
In addition to providing information and guidance regarding the VA Special Monthly Pension, he or she can also assist clients with planning strategies to help them obtain the Special Monthly...