The recent settlement in the case of Haney, et al. v. Genworth Life Insurance Company, et al. in the U.S. District Court for the Eastern District of Virginia, makes clear that Genworth and its long-term care insurance program are failing. …
For those in second marriages where a premarital agreement was not put in place, post- marital agreements are a viable and appropriate tool for purposes of planning their estates. For long-term second marriages where assets have been comingled and family …
You see and hear the commercials everywhere. “Do you have an insurance policy you no longer need? Now you can sell your policy for an immediate cash payment.” What’s fueling these ads is a viatical settlement, which is an agreement …
Depending upon the circumstances, there are several trust options for those who are disabled and receiving Medicaid and SSI benefits. These all come under the general definition of “Special Needs Trust” and have various benefits and can be used in …
In January, one of our clients passed away with an estate worth about $2 million and substantial funds invested in the stock market. Based upon his revocable trust, those monies were to be divided between relatives. When we met with …
For the past eight years, the Ohio Department of Jobs & Family Services (ODJFS) has adhered to a U.S. Sixth Circuit Court order that provided limited protections for private sector retirees. This court ruling was the leading precedent for protecting …
When a family member, including a child, grandchild or spouse, suffers from addiction issues, there are a number of estate planning options which should be considered and addressed. Leaving a vulnerable loved one an inheritance outright at passing is likely …
Authors: Keith Stevens & William Browning Single Premium Immediate Pay Annuities are a valuable tool in planning for Medicaid eligibility when a spouse requires nursing home care. These instruments can provide additional income, not just in the short-term, but in …
Many small companies are owned by one or two business owners who provide much of the labor and financial resources to create a successful business. If they are fortunate, they may have children, employees or friends who may wish to …
