Over your lifetime, you have worked hard and saved wisely in an effort to build up a retirement nest egg. To ensure that you have sufficient assets to live comfortably during your retirement years, and even have some left over to pass down to loved ones, you must also be vigilant about protecting the nest egg you have accumulated. One threat to your assets that you may not have considered is the high cost of nursing home care. The North Andover asset protection attorneys at DeBruyckere Law … [Read more...] about Protecting Your Assets from the High Cost of Nursing Home Care
The estate plan you create will likely include a wide variety of interconnected tools and strategies that work together to achieve all of your estate planning goals. One of the most popular of these tools is a living trust. In fact, many people include more than one living trust in their estate plan given the numerous goals that can be furthered with the help of a living trust. To help you decide if a living trust should be part of your estate plan, a Londonderry living trust attorney at … [Read more...] about Why Might I Include a Living Trust in My Estate Plan?
Medicaid is a state-federal partnership that provides medical benefit assistance to people who qualify, especially those over 65 years of age. However, in order to qualify, you also need to meet certain financial requirements such as asset limits. However, if you have made “uncompensated transfers,” that could lead to a period of disqualification from the program. Read on to learn more. Uncompensated Transfers … [Read more...] about Uncompensated Transfers
Medicaid is a state-federal partnership that provides medical benefit assistance to certain needy people, especially those over 65 years of age. However, you need to meet financial requirements such as asset limits to qualify. Assets in an irrevocable trust not for your benefit typically don’t count as available. Read on to learn more. Irrevocable Medicaid Trusts … [Read more...] about Irrevocable Medicaid Trusts
A Last Will and Testament will likely be the first estate planning document you create. Although the concept of a Will is rather straight-forward, that doesn’t prevent mistakes from being made during the creation of a Will. To help prevent you from making them, the Londonderry estate planning attorneys at DeBruyckere Law Offices discuss the top five mistakes you should avoid when creating your Last Will and Testament. Using a “DIY” Will form. It may seem as though you are saving both time and … [Read more...] about Top 5 Mistakes to Avoid When Creating Your Will
As both your estate and your family grow, so will your estate plan through the addition of estate planning tools and strategies that can help accomplish additional goals. One of the most common of those additional tools is a trust agreement. If you create a trust, someone must administer that trust. The North Andover trust attorneys at DeBruyckere Law Offices explain how much a Trustee earns for administering a trust. Trust Fundamentals A trust is a legal relationship where property is … [Read more...] about How Much Does a Trustee Get Paid?
Creating a comprehensive estate plan requires you to make numerous important decisions. Although many of those decisions are directly related to the distribution of your estate assets after you are gone, not all of them are. In fact, some of the most influential decisions you will make within your estate plan are often the ones people spend very little time making. These are decisions related to fiduciary roles within your plan. Choosing people for the fiduciary roles within your estate plan … [Read more...] about Choosing Fiduciaries in Your Estate Plan
COVID-19, the novel coronavirus, has been a challenge confronting countries around the world. While healthcare systems have fought the virus, economies have been hurt by the social distancing required to combat the virus. However, there may be an opportunity for those wishing to do certain types of Estate Planning. Read on to learn more. Read on to learn more … [Read more...] about Economic Fallout from Coronavirus May Provide Opportunities
Portrait of Young Man Looking Perplexed If your mother recently passed away, you are undoubtedly still dealing with your grief and the other strong emotions that come with the loss of a parent. If you also learned that your mother appointed you to be the Executor of her estate, you may be unsure what that job entails. Do you need an attorney to help you? To help you figure that out, the Woburn probate attorneys at DeBruyckere Law Offices help you decide if you need an attorney to help you … [Read more...] about Do I Need an Attorney to Help Me Probate My Mother’s Estate?
A trust agreement is one of the most popular of all estate planning tools due in large part to the flexible nature of a trust. For those who are contemplating the addition of a trust into their estate plan, the Londonderry trust attorneys at DeBruyckere Law Offices discuss five things you need to know when creating a trust. Your stated trust purpose guides the administration of the trust you create. It is important to understand that defining your trust purpose with as much specificity as … [Read more...] about 5 Things to Know When Creating a Trust