Planning for someone with Special Needs

1 month ago
David McGuffey

People regularly ask "how do I plan for my loved one with special needs." There are two ways. First, you…

Another Reason to Use a Trust

2 months ago

At the Elder Law Practice, we don't assume everyone needs a trust. We tend to ask a lot of questions…

Passing of my father

7 months ago

On March 11, 2025, my father, James L. McGuffey passed from this life. The greatest thing I can say about…

What happens if I don’t fund my Qualified Income Trust?

1 year ago

Qualified Income Trusts (also known as Miller Trusts or a QIT) are necessary when the Medicaid applicant has more gross…

Changes in How Trusts are Taxed

1 year ago

Trusts, like everyone else, pay taxes when they earn income or sell capital assets for a profit. The tax liability,…

What is a Medicaid Asset Protection Trust?

1 year ago

People often visit us and ask about using a trust to protect assets in the event they go to a…

QLACS Update

1 year ago

Last year we wrote about qualified longevity annuity contracts, sometimes referred to as QLACs. On July 19, 2024, the IRS…

Trusts and Medicaid: Protecting Assets

1 year ago

People regularly ask us whether they should use a trust to protect assets in case they go to a nursing…

Elle

2 years ago

We haven't posted much lately because we've been busier than a one-armed paper-hanger, but we did want to let our…

Estate Planning Advice from Warren Buffett

2 years ago

The following video clips are from Berkshire Hathaway Annual Meetings where Warren Buffett fielded questions regarding estate planning: 2013 Annual…