jamy-admin

The Trust Protection Myth: Your Revocable Trust Protects Against Lawsuits

Many people believe that once they set up a revocable living trust and change the ownership of their accounts and property from themselves as individuals to their trust, those accounts and property are protected from lawsuits. This is not true.   While trusts commonly protect a beneficiary’s inheritance, few trusts protect assets (accounts and property) previously

The Trust Protection Myth: Your Revocable Trust Protects Against Lawsuits Read More »

The Power of Attorney

What is a Durable Power of Attorney? At Barreau Legal, PLLC, it is common to run into clients who believe that estate planning only deals with how to pass property along to the next generation after someone’s death. This would be an accurate definition of estate planning and the goals which can be accomplished through

The Power of Attorney Read More »

Special Needs Trust

When dealing with loved ones with special needs, it is important to understand the relationship which exists concerning someone with special needs and his or her approved government benefits. Namely, did you know that your loved one could potentially lose their government benefits related to their special needs if they inherit directly from you? Did

Special Needs Trust Read More »

Qualifying for Medicaid

Do you know the requirements to qualify for Medicaid? Medicaid is an important tool to help provide long-term care for those who cannot afford it. The costs of being in a nursing home can almost be insurmountable, sometimes reaching approximately $6,000 a month depending on your facility and geographical region. For the majorly wealthy, perhaps

Qualifying for Medicaid Read More »

Personal Representatives

Are your loved ones qualified to serve as personal representative of your estate? In the State of Florida, a personal representative is an individual (or organization) who has been tasked with the management of an estate going through the probate process. Many other states refer to this role as an “executor”. Generally, a personal representative

Personal Representatives Read More »

Intestate Succession

Have you ever wondered what happens to your assets, like your home, car, or laptop, for instance, after you pass away? The answer is pretty simple if you have a valid estate plan in place – how your property will pass will go exactly how you desire in your Last Will and Testament or Trust.

Intestate Succession Read More »