by Greg Jimeno | Apr 8, 2021 | Asset Protection, Elder Law, Estate Plannning, General, Irrevocable Trust, Trusts
The Centers for Medicare and Medicaid Services (CMS) has issued new guidance on whether families can visit loved ones in nursing homes. The guidance allows indoor visitation even when the resident has not been vaccinated. The coronavirus pandemic has hit...
by Greg Jimeno | Apr 2, 2021 | Asset Protection, Elder Law, Estate Plannning, General, Irrevocable Trust, Trusts
Parents and other family members who want to pass on assets during their lifetimes may be tempted to gift the assets. Although setting up an irrevocable trust lacks the simplicity of giving a gift, it may be a better way to preserve assets for the future. ...
by Greg Jimeno | Mar 17, 2021 | Asset Protection, Elder Law, Estate Plannning, General, Irrevocable Trust, Trusts
Long-term care involves not only a loss of personal autonomy; it also comes at a tremendous financial price. Proper planning can help your family prepare for the financial toll and protect assets for future generations. Long-term care can be very expensive,...
by Greg Jimeno | Jul 16, 2020 | Estate Planning, Trusts
When you plan to create a trust in Maryland, your main concerns are that the trust serves a bigger estate planning purpose and that it protects your loved ones from unnecessary conflict or issues. The creation of a trust means that you have taken an important step in...
by Greg Jimeno | May 26, 2020 | Estate Planning, Trusts
It’s a nice thing to do to pass on assets to your grandchildren and it can be used to help reduce the size of your estate. In 2020, you can give each of your grandchildren up to $15000 under the gift tax without having to report those gifts. While you might choose to...
by Greg Jimeno | Jan 28, 2020 | Estate Planning, Trusts
The establishment of a revocable living trust in Maryland is an important first step in protecting the interests of you your family and ensuring that your assets are as protected as possible. However, there is a common misunderstanding that creating a revocable living...
