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Ohio Medicaid Estate Recovery

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Has anyone ever told you that they lost their inheritance because Medicaid took what was left after their parents passed away? Ever wonder how something like this can happen? It just doesn’t seem fair.

In Ohio, Medicaid Estate Recovery is a program that collects on estates of those who received long-term care support.  When Medicaid recipients …

Living Trust

What is a Revocable Living Trust?

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Attorney Greg Aler provides a comprehensive explanation of what a Revocable Living Trust is and what it does.

Paul Walker

The Estate of Paul Walker: What we can learn.

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With the unexpected passing of actor Paul Walker, many young people realized how truly important planning can be.

Estate Plan

Is it Time to Review Your Estate Plan?

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Tim Stallings addresses several life events that prompt a review of your current estate plan.

Those Two Expensive Little Words: Under Observation

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Attorney Tim Stallings discusses the two very expensive words “Under Observation,” and how their use can cost you thousands of dollars.

How to Select the Right Guardian For Your Child?

How to Select the Right Guardian For Your Child?

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Attorney Tim Stallings tackles the issue that every new parent must consider: who will take care of your child if something unfortunate and unexpected were to happen to you?

Who Packs Your Parachute?

Who Packs Your Parachute?

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Guest blogger Michael Schoedinger shares his insight on individual purpose as he answers the question of “Who Packs Your Parachute?”

2013 Estate Planning Checklist: Fact & Fiction When Planning For Your Future

2013 Estate Planning Checklist: Fact & Fiction When Planning For Your Future

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Estate Planning isn’t just about tax savings or drafting trusts.  It’s about getting to know a family, understanding their goals, organizing their assets, helping them through the tough times, being an available resource and looking over their shoulder throughout their lifetime.  I don’t know about you, but a checklist helps me stay organized so here is your 2013 …

Jimmy Hendrix

All Along the… Estate Plan – Estate Planning for Jimi Hendrix

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If somebody was surprised when Jimi Hendrix died at the age of 27 on September 18, 1970, it wasn’t Jimi Hendrix. In an interview he gave a little more than a year before he died, Jimi was already talking about his funeral, “I tell you when I die, I’m not going to have a funeral . . . I’m going to have a jam session. And, knowing me, I’ll probably get busted at my own funeral.”

Unintended Consequences: How Using a Life Estate Results in Gift Tax Liability

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Using a life estate to transfer a house or other real property has been a planning technique used by many seniors. Many people who use this tool do so because it is quick and easy. In reality, what they are doing may result in a variety of unintended consequences. One of those consequences is that the person creating a life estate may unknowingly exceed their annual gift tax exemption.

Timing is Everything for Veterans Needing Help with their Care

Timing is Everything for Veterans Needing Help with their Care

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You have probably heard the saying that timing is everything. When it comes to receiving the VA Aid and Attendance Benefits, dates of service are very important. What’s also important, and often overlooked, is the timing of when to submit a VA Application. Submitting your VA application at the wrong time can result in a denial of your claim.

October–AlerStallings celebrates “Down Syndrome Awareness Month”

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AlerStallings works with many families that have a member with special needs, such as Down syndrome. Since October is “Down Syndrome Awareness Month,” we cannot think of a better time to encourage families to consider a special needs trust to protect a child with special needs. A special needs trust is an estate planning vehicle used to protect assets for a disabled beneficiary without jeopardizing his or her benefits, typically Medicaid and SSI.

Last Minute Tax Strategies for 2012

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Tick Tock. Tick Tock.  

Summer is almost over and the 2010 Tax Act is scheduled to sunset at the end of this year.   The result is the end of the extremely favorable estate, gift and generation skipping (GST) lifetime tax exemption (currently at $5,120,000 per individual or $10,240,000 per couple).  As it currently stands, the rates will drop …

TOD & POD Designation Downfalls

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We see it every day.  A couple walks in and tells us that they already have an estate plan and they want us to give it a quick review and stamp of approval.  They bought an “I Love You Will” on-line or had their neighborhood Jack-of-All-Trades attorney fill out a couple page Will for a …