What does “funding a trust” mean and why is it so important? In this Elder Law Minute, Wes Coulson gives some insight on why it is vitally important, for the safekeeping of your assets, to transfer ownership of the assets you want in your trust – to your trust. Funding a Trust: Safekeeping your Assets Transcript: […]
How to Choose the Right Elder Law Attorney
You’re facing a situation in which you, or perhaps your spouse, parent or other loved one, needs long-term care, or you’re concerned that such care will be needed in the future. You’re concerned about the great cost of that care, and the potential loss of your or your loved one’s life savings toward paying for […]
Insurance and Special Needs Planning
In this Estate Planning Minute, Wes Coulson, Southern Illinois Elder Law attorney, discusses the importance of insurance and special needs planning. Special Insurance Needs For Special Needs Parents Transcript: I’m going to talk to you a little bit on the importance of insurance and special needs planning. Parents of a special needs child, whether we’re talking […]
The 9 Most Common Mistakes in Special Needs Planning
In this Elder Law Minute, Wes Coulson reviews the nine most costly mistakes in special needs planning. Disinheriting a child, creating a generic trust, and procrastinating are just a few mistakes parents of special needs children can make in their planning. The 9 Most Common Mistakes in Special Needs Planning Transcript: Hi, I’m Wes Coulson […]
The Advantages of a “Stand-Alone” Special Needs Trust
A special needs trust can be established for the benefit of a minor or adult special needs child (or other family member) in either of two basic ways. One is to include the provisions to establish it as part of your living trust or will, to take effect upon your death. The other is to […]
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