A no-contest clause should be standard in any will, BUT you need additional protections if you believe someone will contest your will. First, no-contest clauses are not always held up in court later, for a variety of legal reasons. Second, the consequence of a no-contest clause is generally that the beneficiary will no longer receive anything in the will.
If you have a business an LLC can often be a great option. With proper planning, an LLC can protect your personal assets from business liabilities.
Jennifer Coulter and Jessica Kludt are honored to be teaching lawyers at the National Academy of Elder Law Attorneys conference this year.
A Will prepares you for a probate, but it doesn't avoid the need to do that probate. In order to transfer title to real property and access many financial accounts, the Will must be probated. In order for a Will to be effective, it must be probated within 4 years from the date of death.
Last week, NAELA, as part of the Consortium for Citizens with Disabilities (CCD), sent a letter of support for H.R. 6698, the Stop Unfair Medicaid Recoveries Act of 2022, introduced by Rep. Schakowsky (D-IL). The legislation would effectively end estate recovery except in instances of improper payments.
Fideicomiso Para Necesidades Especiales: Cómo Proteger Tus Activos Para El Beneficio De Tus Seres Queridos Con Necesidades Especiales
Una de las herramientas más comunes utilizadas por abogados en la planificación para beneficios públicos es un fideicomiso para necesidades especiales (“FNE”). Los beneficios gubernamentales están diseñados para proveer cuidado de salud básico, alimento y refugio. Como tales, los beneficios gubernamentales solo proveen una pobre existencia para los beneficiarios.
Special Needs Trusts: How To Protect Your Assets for the Benefit of Your Loved One With Special Needs
One of the most common tools used by attorneys in planning for public benefits is a special needs trust (“SNT”). Governmental benefits are designed to provide basic health care, food and shelter. As such, governmental benefits provide for only a meager existence to recipients.