A client’s intentions in preparing an estate plan are as unique as that individual. Even so, some of the most common reasons for estate planning include the desire to

A common strategy employed for Medicaid qualification purposes is to turn an asset of a married couple into an income stream for the community spouse. This is due to the name on the check rule, which states that whomever is listed as the payee on the check (or income payment), that is who the income is attributed to. Couple this with the fact that in most states a community spouse can have unlimited income without jeopardizing eligibility for an institutionalized spouse, and the result is a viable strategy for decreasing assets for eligibility purposes. The name on the check rule came under fire in a recent case, but emerged victorious.

2020 has been a year of change and adaptation. From learning how to practice law virtually due to COVID-19 to major planning changes under the SECURE Act and CARES Act, many attorneys are wondering how they are going to keep their heads above water and keep their practices viable. 

Gain new insights for your practice with the Advanced Estate Planning Summit — perfect for experienced estate planning professionals, the Summit is now on-demand and can be purchased through our Store. Featuring industry experts who delve deep into advanced timely topics, you’ll walk away with new legal strategies and practical takeaways to use immediately in your practice.