Listen to Lawrence Letter: Are the assets in my father’s trust protected if he makes poor decisions due to decreasing cognitive ability?

DAVIDOWLAW Blog Post

Dear Clients and Friends: It is hard raising parents, as reflected in the following question: CLIENT QUESTION: About three years ago you set up an irrevocable trust for my father; I am the trustee. I am getting concerned about my father’s cognitive ability, and wonder whether the trust protects the assets contained …

The Listen to Lawrence Letter: Taxes and Trusts can be confusing

DAVIDOWLAW Blog Post

Dear Clients and Friends, The topic of taxes and trusts is confusing, triggering the following questions: CLIENT QUESTIONS: Can you please explain inheritance tax, estate tax, and why trusts are important for tax reasons? I understand there is a Medicaid look back but people also say there is a tax reason …

The Listen to Lawrence Letter: Special Needs Alliance Repost

DAVIDOWLAW Blog Post

Dear Clients and Friends: I often pass along articles that are created by one of the members of the SPECIAL NEEDS ALLIANCE (SNA). In response to a recent post, I received the following comment: CLIENT COMMENT: I never heard of the Special Needs Alliance until the above-named newsletter. May I respectfully suggest …