In this Elder Law Minute, Wes Coulson, Illinois and Missouri Elder Law attorney, discusses what the right situation is for someone to consider getting a reverse mortgage. ? Should You Consider a Reverse Mortgage? Transcript: Hi, I’m Wes Coulson from Dent-Coulson Elder Law in St. Louis Missouri and O’Fallon Illinois, serving clients throughout the St. Louis metropolitan […]
IRAs and Asset Preservation Planning
When it comes to IRAs, it seems the strategy people most opt-in for is to withdraw the minimum required amount in order to defer paying taxes for as long as possible. Unfortunately, while this strategy seemingly saves tax dollars now, it may ultimately cost more in tax dollars later when they decide to do asset […]
Retirement Income vs. Long-Term Care Costs: A History Lesson
“Okay, here’s my retirement income and here’s how much it would cost to go into a nursing home.” It is easy to underestimate the need to plan when you are younger for long-term care costs when you are older. Many people look at their retirement income in relation to long-term care costs when they retire […]
Don’t Be Fooled by Average Life Expectancies
Hi I’m Wes Coulson and this is your elder law minute. When people are deciding whether to engage in planning to protect their life savings from long term care costs, it’s easy to get fooled by average life expectancies. People will see that the average life expectancy is 79, and if they’re 82, they’ll think […]
What’s the Difference Between Estate Planning and Asset Preservation Planning?
In this Elder Law Minute, Wes Coulson, Illinois and Missouri Elder Law attorney, discusses the difference between estate planning and asset preservation planning. What’s the Difference Between Estate Planning and Asset Preservation Planning? Transcript: Hi, I’m Wes Coulson, and this is your Estate Planning and Elder Law Minute. People see the reference on our website […]
