Protect Assets From Medicaid Recovery

Benjamin Long Healthcare, Long-term Care Planning, Medicare, Nursing Home

“If you’re helping an aging parent navigate Medicaid because they don’t have long-term care insurance or you think you’ll need it yourself someday, it’s important …

How To Manage a Will and Trust

Benjamin Long Assets, Executor, Guardians, Life Insurance

“By definition, a Will accounts for a person’s wishes of how their assets and estate should be distributed and handled once they die. It spells …

What Are the Benefits of a Donor Advised Fund?

Benjamin Long Charity, Donor Advised Funds

“Funded with cash or other assets, donor-advised funds give charitably minded investors control of when and where their funds are distributed.” Many Americans are feeling …

What Happens If You Don’t Name Beneficiaries?

Benjamin Long Beneficiaries, Guardians, IRA, Minor Children

“If you’ve had an IRA and a 401(k) for many years, you may occasionally ask yourself some questions: ‘Am I contributing enough?’ ‘Am I still …

Do You Need Power of Attorney if You Have a Joint Account?

Benjamin Long Attorney in Fact, Fiduciaries, Power of Attorney

“As you know, a power of attorney (POA) allows another person, the Attorney-in-Fact (AIF), to conduct business on behalf of the principal. The POA authorizes …

Why Do You Need a Health Care Directive?

Benjamin Long Advanced Directive, Estate Planning Attorney, Healthcare, Power of Attorney

“A heath care directive is a legal document that lets you express your health care preferences and, if you wish, designate authority to someone to …

What Is the Primary Purpose of a Credit Shelter Trust?

Benjamin Long Assets, Estate Planning Attorney, Probate

“A credit shelter trust is used to help married couples with significant assets pass their estates after their deaths to children or other beneficiaries without …

Estate Planning Meets Tax Planning

Benjamin Long Charity, Estate Planning Attorney, Retirement Plan

“By being very selective about who receives which type of money—whether Traditional or Roth IRAs, after-tax brokerage accounts, life insurance, etc.—you can dramatically cut the …

Elder Financial Abuse Increases With Social Isolation

Benjamin Long Elder Financial Abuse, Estate Planning

“The unprecedented quarantines to protect against the spread of the novel coronavirus have made many seniors more vulnerable to financial exploitation.” Social isolation, whether because …

How Does Probate Work?

Benjamin Long Estate Planning, Wills

“There is a general understanding that every adult should have a last will and testament. However, for most people, exactly how that will is used …