Have you ever worried about what would happen to your animals after your death? Would there be someone willing to step in to love and care for your pet? Can you name a pet as a beneficiary in Continue reading →
Richard Bryson is no stranger to public speaking. On August 29, 2015, he spoke to a group at Duluth United Methodist about legal issues involving health care decisions. On October 22, 2015, Richard is hosting two events at Continue reading →
Although there are many good reasons for their implementation, Revocable Trusts are too often promoted for the wrong ones. Revocable Trusts are commonly referred to as Living Trusts or Revocable Living Trusts (hereinafter referred to as “RLT”) and are promoted as a way to avoid the costly, time-consuming, public spectacle of PROBATE.
VA Aid and Attendance Pension Eligibility Rules are changing. Veterans and their spouses benefit from a monthly pension called Aid and Attendance to assist with payment of long-term care expenses (e.g. care providers, assistance with activities of daily living, wound care, etc.,) provided the Veteran’s assets and income are below the cap established by the Veterans Administration.
Assisted living and nursing homes can be scary thoughts for many of us as we enter our later years of life. Thinking about the possibility that we may find ourselves or our loved ones in need of moving to one of these care facilities can be difficult to bear. However, the reality is that the longer we live, the greater our chances are of needing long-term care outside of the home.
Estate Planning is much more than just signing your Last Will & Testament. Many clients believe that a Will supersedes all other contracts and designations. In reality, the outcome is completely the opposite. A Will only controls “probated assets.” What exactly is a probate? In practice, the probate consists of assets not otherwise distributed or handled at your death. Essentially, they are the assets remaining in your name that do not have joint ownership or designations; a bank account that was in solely your name would be “probated” and passed down according to your Will. The following are examples of assets that pass outside of probate and are thus not controlled by your Will.