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 ...

Continue Reading

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...

Continue Reading

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...

Continue Reading

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...

Continue Reading

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...

Continue Reading