Watch Your Language: Gifting Power

QUOTE Effective long-term care planning can require gifting assets to a spouse or child. In Medicaid cases, assets must be transferred to the community spouse 90 days after approval. But it may be impossible to complete the required transfers if the power of attorney does not include the necessary language. That’s the importance of the gifting power. What is it? … Read More

Confused about Trusts? Let’s Talk About Buckets Instead

Across the board, legal documents can be confusing. Just think about the paperwork needed to take out a mortgage – the legalese is overwhelming. And the same is true about trusts. Even the best document drafters can’t eliminate all the technical language in a trust document. Add to that all the different types of trusts – RLT, ILIT, IDGT, GRAT, … Read More

Watch Your Language: Grantor

The grantor is the person who creates a trust. No matter what type of trust you have, the grantor is always in charge because they set the trust’s terms. [Read More]

Elder Care Law in Northwest Iowa Offers Important Strategies for Dementia Patients

elder care law in northwest iowa offers important strategies for dementia patients

Along with the emotional turmoil on the patient and family members, dementia also takes quite a financial toll.  Alzheimer’s and related illnesses are typically degenerative, progressing slowly over time, while requiring considerable medical and personal care.  Elder care lawyers in Northwest Iowa have experience helping clients create plans which provide for both the medical and the quality-of-life aspects of these expenses. [Read More]