The Department of Veterans Affairs (VA) has finalized new rules that establish an asset limit, a look-back period, and asset transfer penalties for claimants applying for VA needs-based benefits. This is a change from current regulations, which do not contain a prohibition on transferring assets prior to […]
Read more →Archive for the Asset Protection Category
SHOULD I ADD A JOINT OWNER TO MY FINANCIAL ACCOUNT(S)? Clients frequently ask me questions about adding children or other individuals as joint owners to their bank or investment accounts. This article will outline some of the positives that result from adding someone as a joint owner […]
Read more →Here is another common mistake in our “Estate Planning Mistakes To Avoid” series: Do not assume family members are the best choice to act as Trustee. You should consider using a corporate Trustee while incorporating powers and provisions that give your children and family members the ability […]
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