Archive

Trust & Probate Administration

[vc_row triangle_shape="no" css=".vc_custom_1652796208956{margin-top: 50px !important;margin-bottom: 50px !important;}"][vc_column][vc_row_inner][vc_column_inner width="1/12"][/vc_column_inner][vc_column_inner width="10/12"][vc_column_text][/vc_column_text][/vc_column_inner][vc_column_inner width="1/12"][/vc_column_inner][/vc_row_inner][/vc_column][/vc_row][vc_row triangle_shape="no" css=".vc_custom_1652796527956{margin-bottom: 50px !important;}"][vc_column][vc_row_inner][vc_column_inner width="1/12"][/vc_column_inner][vc_column_inner width="10/12"][vc_column_text] WHY HIRING A PROBATE & TRUST ADMINISTRATION ATTORNEY MAKES SENSE The probate and trust administration process can be quite complicated. There is typically a myriad of paperwork, financial accounts, insurance policies and retirement plans, as well as real and personal property to deal with. Paying special attention to beneficiary designations and how assets are titled is crucial during this time, and Insight Law can help ensure the estate is properly administered. In the absence of a Will or Trust, property titled in the decedent's individual name will...

Continue reading

Irrevocable Life Insurance Trusts

[vc_row triangle_shape="no" css=".vc_custom_1652796208956{margin-top: 50px !important;margin-bottom: 50px !important;}"][vc_column][vc_row_inner][vc_column_inner width="1/12"][/vc_column_inner][vc_column_inner width="10/12"][vc_column_text] EXPERIENCED TRUST & ESTATE PLANNING LAWYERS SERVING VIRGINIA, MARYLAND, D.C., COLORADO AND CALIFORNIA An Irrevocable Life Insurance Trust (an “ILIT”) can be a great tool to include in your estate plan. All assets that a client owns, including their life insurance, is included in the value of their taxable estate. However, with an ILIT, the ILIT itself holds the ownership of the policy. Because the trust is irrevocable, the value of the policy is not included in the client's taxable estate. There are different methods of achieving ILIT ownership pf the policy (e.g....

Continue reading

Medicaid Planning

[vc_row triangle_shape="no" css=".vc_custom_1652796208956{margin-top: 50px !important;margin-bottom: 50px !important;}"][vc_column][vc_row_inner][vc_column_inner width="1/12"][/vc_column_inner][vc_column_inner width="10/12"][vc_column_text] MEDICAID PLANNING LAWYERS SERVING VIRGINIA, MARYLAND, D.C., COLORADO AND CALIFORNIA One of the largest costs associated with getting older is nursing home care or in-home assistance. To make matters worse, it is an expense most Americans are not prepared to pay for. Some people mistakenly believe that Medicare will pay for long-term care costs. Not true. Medicare expressly excludes long-term nursing home care as a covered expenses. Some people purchase long-term care insurance, which is smart. Nevertheless, a policy is extremely expensive and may not cover all of the care you might need....

Continue reading

Special Needs Planning

[vc_row triangle_shape="no" css=".vc_custom_1652796208956{margin-top: 50px !important;margin-bottom: 50px !important;}"][vc_column][vc_row_inner][vc_column_inner width="1/12"][/vc_column_inner][vc_column_inner width="10/12"][vc_column_text] SPECIAL NEEDS PLANNING LAWYERS SERVING VIRGINIA, MARYLAND, D.C., COLORADO AND CALIFORNIA If you have a child with a disability, you understand the challenges associated with both "regular" life and long-term planning. For a parent who has a child, or children, with special needs, some of the important issues that need to be addressed when planning for their care include: How do you leave funds for the benefit of your child without them losing vital public benefits? How do you make sure that the funds are well managed and used exclusively for the benefit of your...

Continue reading

Veteran’s Benefits

[vc_row triangle_shape="no" css=".vc_custom_1652796208956{margin-top: 50px !important;margin-bottom: 50px !important;}"][vc_column][vc_row_inner][vc_column_inner width="1/12"][/vc_column_inner][vc_column_inner width="10/12"][vc_column_text] VETERAN'S BENEFITS LAWYERS SERVING VIRGINIA, MARYLAND, D.C., COLORADO AND CALIFORNIA If you or a loved one served our country, you may be able to obtain certain benefits through the Department of Veterans Affairs. Many wartime veterans — and spouses or surviving spouses of veterans — are unaware of the "Aid and Attendance" Benefit that can is paid out through the Veterans Administration (the VA). The A&A benefit can provide much-needed assistance when a veteran or a veteran's spouse needs nursing home, assisted living or in-home care. In order to qualify for the A&A benefit, the...

Continue reading