In 2016, a couple of events occurred in my life that had significant impacts on me and my family. On July 4th, while I was relaxing at my mother-in-law’s home and taking a nap under a tree, a limb fell out of the tree and hit me on the head. But for the chair in which I was sitting having a cover which broke the fall, I am quite certain the limb would have taken my life. Continue reading
My friends at Country Cottage in Lawrenceburg, a part of the Cottage Senior Living Group, have graciously allowed me to share posts from their blog, www.cottageassistedliving.com. If you have questions or comments, please call us at 931.762.7528 or The Cottage at 931.766.0660 Continue reading
A family letter is a key part of a good estate plan. It is much more personal than many of your estate documents. A family letter allows you to share your heart and show appreciation and gratitude to family members. The family letter may have up to ten different sections. Each section will cover an important but separate topic. Continue reading
The living trust is becoming quite a popular estate planning strategy. It costs more than a will, but includes many features that are helpful during life and in your estate. Let’s review some of the basic principles of the living trust. Continue reading
Special needs trusts come in three main flavors — first-party special needs trusts, third-party special needs trusts, and pooled trusts. All three trust varieties are designed to manage resources for a person with special needs so that the beneficiary can still qualify for public benefits like Supplemental Security Income (SSI) and Medicaid. While first-party special needs trusts and pooled trusts hold funds that belong to the person with special needs, third-party special needs trusts, as the name implies, are funded with assets that never belonged to the trust beneficiary, and they provide several advantages over the other two types of trusts. Continue reading
