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
Estate Planning
Whom Do You Want to Get Your Assets?
Most of us have an idea whom we’d choose to receive our assets at our death. But often we don’t contemplate what should happen if the people whom we’ve selected die before us. Read on to learn more about contingent beneficiaries. Whom Do You Want to Get Your Assets? … [Read more...] about Whom Do You Want to Get Your Assets?
Planning for the Sandwich Generation
The Sandwich Generation is torn between caretaking responsibilities for their minor children and their elderly parents. But first, they need to make sure they take care of themselves. Read on to learn more. Planning for the Sandwich Generation … [Read more...] about Planning for the Sandwich Generation
Choosing the Right Fiduciaries
Estate planning requires you to make numerous important decisions. While many of those decisions are financial decisions or decisions that relate directly to your estate assets, some of the most important decisions are more personal in nature. Appointing or nominating people to fiduciary positions within your estate plan is a part of the estate planning process that people often spend very little time contemplating. Unfortunately, this can be a serious mistake. Appointing the wrong person to a … [Read more...] about Choosing the Right Fiduciaries
Common Estate Planning Mistakes
Having a well thought out estate plan in place is one of the most beneficial gifts you can give to yourself and to your loved ones. Whether you are creating your initial plan or updating your estate plan, you obviously want to avoid making mistakes. To help you, a Fargo estate planning attorney at German Law Group discusses common estate planning mistakes. Procrastinating -- you do not need to reach a certain point in your life, or achieve a certain material success, before the need for an … [Read more...] about Common Estate Planning Mistakes
Academy’s Spring Summit Virtually Perfect
The Academy’s Spring Summit conference went “virtual” due to the social distancing requirements to protect all of us. The Summit was different but better than ever. Read on to learn how cutting-edge technology met cutting-edge learning at the Academy’s Virtual Summit. Academy’s Spring Summit Virtually Perfect … [Read more...] about Academy’s Spring Summit Virtually Perfect
Families Gather in Novel Ways in Pandemic
COVID-19, the novel coronavirus, has been a challenge confronting countries around the world. The disruptions from the social distancing required to fight the virus have been felt by people around the world. As we mark passing holidays, we reflect on the importance of family. Learn how to share time with family during this pandemic and tackle tasks such as Estate Planning. Families Gather in Novel Ways in Pandemic … [Read more...] about Families Gather in Novel Ways in Pandemic
Economic Fallout from Coronavirus May Provide Opportunities
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
Estate Planning Terms You Need to Know
One of the best ways to protect yourself, your assets, and your loved ones is with a well thought out estate plan. All too often, however, the legal terms and concepts involved in estate planning can be an intimidating bar to completing that plan. To help eliminate that bar, the Grand Forks estate planning attorneys at German Law Group explain common estate planning terms you need to know. Administrator – A person named by the court to represent a probate estate when there is no will or the … [Read more...] about Estate Planning Terms You Need to Know
Joint Tenancy Pros and Cons
Joint tenancy is a commonly used form of ownership between two or more people. It can be an easy solution. However, it can have drawbacks. Read on to learn more. Joint Tenancy Pros and Cons … [Read more...] about Joint Tenancy Pros and Cons
