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IRAs and Trusts: A Good Combination?

Michael Kling  |  January 15, 2015

A recent unanimous Supreme Court decision has rekindled the debate about whether it is better to inherit an IRA in a trust or receive the IRA assets outright. The decision in this case, Clark v. Rameker, in a nutshell, held that an inherited IRA is not an exempt ...

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Medicaid and the Miller Trust (aka Qualified Income Trust)

Michael Kling  |  December 11, 2014

Lately, we have received several inquires about Medicaid planning and the use of a “Miller Trust” to qualify for nursing home benefits. Since this seems weighing on people’s minds, we wanted to address the concept and provide you with some important information about Medi...

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Questions to Ask Before Buying Long-Term Care Insurance Details That Affect You: Part 2 of 2

Michael Kling  |  October 15, 2014

In our previous blog article, we began the discussion on long-term care insurance with some initial questions about how much insurance you need, for how long a period, and how insurance benefits may be defined. In this...

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Questions to Ask Before Buying Long-Term Care Insurance Part 1 of 2

Michael Kling  |  September 16, 2014

When long-term care insurance first became available about eight years ago, there were few customers. The product was full of holes, untested, and overpriced. Not surprisingly people took a wait-and-see attitude, mainly because it took a while for most people to even beco...

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Using DIY Legal Forms? It’s a “Penny-Wise and Pound-Foolish” Idea the Court Says

Michael Kling  |  June 13, 2014

Recently, the Florida Supreme Court used a phrase we do not often hear in court opinions to describe a decedent’s actions in planning her estate: “Penny-wise and pound-foolish.” Just what prompted the Court to use this cautionary axiom? It was a woman’s use of an E-Z Lega...

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