Smcesq.com

Ascertainable Standards/HEMS: A Quick Guide to the Spendthrift …

WEBThe HEMS standard is a powerful instrument to stop lawsuit plaintiffs and creditors from accessing the trust property because the trustee has a fiduciary duty to the trust beneficiary and not to the beneficiary’s creditors. Even when the trustee and beneficiary are the same individuals, this usually holds true.

Actived: 7 days ago

URL: https://smcesq.com/ascertainable-standard-hems/

How to Choose the Right Type of Estate Plan for You

WEBLet’s start with the good news. A recent study found that, since the pandemic began in 2020, the number of 18-34 year-olds with estate planning documentation in place has increased…by a whopping 50%.. But before we start celebrating too loudly, another statistic catches our attention. According to the same …

Category:  Health Go Health

When Should I Grant Someone a Power of Appointment

WEBWhen and how to use a POA depends heavily on several key factors, including: How much you trust the appointed individual. The dynamics of the family in question. The family’s likely future needs. In most cases, a limited POA is the safest way to protect your assets and ensure they are used as you intend.

Category:  Health Go Health

Lifetime and Deathtime Planning SMC, ESQ.

WEBAccording to a March 2017 survey by Caring.com, six out of ten Americans have no will or any other kind of estate planning.Many said they’d get around to it, eventually. When they’re old. (The survey did find that the elderly are much more likely to have some plan in place.)

Category:  Health Go Health

The Importance of Advanced Directives and Power of Attorney in …

WEBAn old saying, “Failing to plan is planning to fail,” succinctly sums up the need for advance directives in long-term care planning. Many people think they don’t need to create a long-term care plan until they are old or terminally ill, but the reality is that you need a plan when you need a plan, and if you wait too long, you may not be capable of …

Category:  Health Go Health

A Guide to Estate Planning For Grandchildren SMC, ESQ.

WEBTypes of assets you can leave to your grandchildren include: Specific dollar amounts. A percentage of your estate (i.e. one-third of your estate goes to your grandchildren, to be divided equally among them) Life insurance policies or retirement plans. A specific bequest, such as a car, house, family heirloom, or business ownership.

Category:  Health Go Health

Trustees of Miller Trusts SMC, ESQ

WEBAlso known as a Qualified Income Trust (QIT), a Miller Trust is a type of trust in which you transfer income directly into the trust. A Miller Trust is considered an irrevocable trust, meaning it can’t be changed or canceled once established. This legal tool helps you qualify for Medicaid, especially when your income exceeds the Texas income

Category:  Health Go Health

Texas Medicaid Asset Protection Trusts SMC, ESQ.

WEBThis program helps millions of seniors and their families afford long-term care costs. A Medicaid Asset Plan Trust (MAPT) can protect your program eligibility while shielding your family’s assets from being taken as repayment to the state for your care. The cost of care in a private long-term care facility can exceed $100,000 annually.

Category:  Health Go Health

Elder Law Attorney Houston SMC, ESQ.

WEBAt the law firm of Shann M. Chaudhry Esq., Attorney at Law PLLC, compassion is at the heart of everything we do. Our goal is to provide every client who walks through our doors with understanding and respect. Using simple language and straightforward breakdowns, we’ll walk you through the full benefits planning process.

Category:  Health Go Health

Medicaid Planning Attorneys in Texas SMC, ESQ.

WEBAt the law firm of Shann M. Chaudhry Esq., Attorney at Law PLLC, our San Antonio and Austin, Texas legal teams are here to help you with the Medicaid planning process from start to finish. We take pride in offering a communicative and empathetic approach. Our Texas Medicaid planning attorneys work with you to find the individualized solution

Category:  Health Go Health

Does Moving to Another State Affect Your Estate Planning

WEBYou learn a lot of things in medical school: how to diagnose everything from the common cold to a rare disease, how to keep your cool when delivering bad news, and even the art of surviving on coffee and three hours of sleep.

Category:  Medical Go Health

Your Health Savings Account and Your Estate Plan SMC, ESQ.

WEBIf you’re enrolled in a qualified high-deductible health plan (HDHP), you must consider how your health savings account (HSA) fits into your estate plan—especially to make sure that any hard-earned money left in your HSA when you die goes where you want it.. What is an HSA? An HSA is an account whose funds may be used to pay for …

Category:  Health Go Health

10 Common Misconceptions About Estate Planning SMC, ESQ.

WEBA well-executed estate plan offers benefits that everyone deserves, regardless of financial status. For example, an estate plan can provide: Peace of mind about your children’s care by establishing guardianship. The opportunity to take more control over your end-of-life care. A chance to protect your legacy and business in the …

Category:  Health Go Health

Questions to Ask an Elder Law Attorney in Texas SMC, ESQ.

WEBMany older adults experience a combination of gratitude for the long life they’ve enjoyed and concerns around their health and the legal complications of aging. At the law firm of Shann M. Chaudhry Esq., Attorney at Law PLLC, we understand that older adults have different legal needs than younger individuals. We work diligently to help

Category:  Health Go Health

Austin Elder Law Attorney SMC, ESQ.

WEBProactively addressing long-term care planning also offers the benefit of minimizing the number of last-minute decisions your loved ones may need to make in the event that you develop new or worsening health conditions.

Category:  Health Go Health

San Antonio Last Will & Testament Attorney SMC, ESQ.

WEBThe Last Will & Testament attorneys at SMCESQ PLLC have many years of experience in working with clients to create effective estate plans unique to their situations and preferences. We offer consistent communication, true listening, and an empathetic approach. Likewise, we pride ourselves on thoughtful, knowledgeable strategy in …

Category:  Health Go Health

San Antonio Estate Planning Lawyers SMC, ESQ.

WEBWork with Our Trusted Texas Estate Planning Attorneys. The Texas estate planning lawyers at the law firm of Shann M. Chaudhry Esq., Attorney at Law PLLC provide comprehensive services for clients seeking to plan for the future. Drawing on many years of experience, our law practice is grounded in a commitment to consistent communication.

Category:  Health Go Health

Elder Law Attorney San Antonio SMC, ESQ.

WEBAt the law firm of Shann M. Chaudhry Esq., Attorney at Law PLLC, our compassionate Texas elder law attorneys work with clients to help them plan for their financial and legal needs as they age. We pride ourselves on our prompt, clear communication with all our clients—understanding your needs is critical to addressing your elder law questions.

Category:  Health Go Health

Texas Long-Term Care Planning Attorneys SMC, ESQ.

WEBWorking with an experienced long-term care planning lawyer can secure your eligibility for crucial government programs like Medicaid or VA benefits while protecting your existing assets. At the law firm of Shann M. Chaudhry Esq., Attorney at Law PLLC, our elder law attorneys offer a range of strategies to protect your estate plan and ensure

Category:  Health Go Health