Estate Planning

Why Directed Trusts Are Gaining Popularity in Estate Planning

2025-09-23T15:33:46-04:00

Directed Trusts are becoming a more widespread option for many individuals creating an estate plan. Unlike traditional trusts, which place all responsibilities on a single trustee, a Directed Trust divides duties for greater flexibility and oversight. In a Directed Trust, the trustee focuses on administrative tasks such as record-keeping, tax filings, and distributions. Meanwhile, a [...]

Why Directed Trusts Are Gaining Popularity in Estate Planning2025-09-23T15:33:46-04:00

Why a Durable Power of Attorney is One of the Most Important Documents You Can Have

2025-08-21T16:09:33-04:00

When it comes to estate planning, a durable power of attorney (DPOA) is one of the most crucial documents you can have in place. It grants someone you trust—the agent—the authority to manage your financial, legal, and healthcare affairs should you become incapacitated or unable to do so yourself. A DPOA does not give the [...]

Why a Durable Power of Attorney is One of the Most Important Documents You Can Have2025-08-21T16:09:33-04:00

What is Elder Law?

2025-09-23T16:01:38-04:00

Elder law covers a wide range of legal issues that are essential for protecting your health, finances, and overall well-being as you age. This area of law includes health and personal care planning, estate planning, public benefits, long-term care, and special needs planning. These services ensure that: Your medical treatment aligns with your wishes. Your assets are protected for you [...]

What is Elder Law?2025-09-23T16:01:38-04:00

How Divorce Can Affect Your Estate Plan

2025-07-03T10:16:44-04:00

Going through or having gone through a divorce can significantly impact your existing estate plan. If your documents are not updated, unintended beneficiaries—such as an ex-spouse—could inherit money or property that you intended for someone else. It’s important to understand that the filing of a divorce petition and the final entry of the dissolution of [...]

How Divorce Can Affect Your Estate Plan2025-07-03T10:16:44-04:00

Understanding Trusts: Why “Ending” Doesn’t Always Mean Closing

2025-07-03T10:17:38-04:00

As a beneficiary of a trust, it’s important to understand that the date a trust "ends" may not necessarily be the same as the date it is officially closed. While a trust document may specify an "end date" or indicate that it terminates upon certain events, the actual process of closing out the trust can [...]

Understanding Trusts: Why “Ending” Doesn’t Always Mean Closing2025-07-03T10:17:38-04:00

Helping the Homebound: Supporting Our Seniors

2025-08-08T13:52:47-04:00

Today, our team proudly partnered with Better Living for Seniors’ (BLS) Helping the Homebound program—an inspiring initiative that provides basic quality-of-life items to homebound seniors in our community. Together, we packed 250 care bags filled with essentials like hygiene products, non-perishable snacks, household items, resource guides, and items for hurricane preparedness. These bags are more [...]

Helping the Homebound: Supporting Our Seniors2025-08-08T13:52:47-04:00

Why Your Child Needs a Power of Attorney When They Turn 18

2025-07-03T10:19:04-04:00

As parents, we’re all too familiar with signing paperwork on behalf of our children—whether it's at the doctor’s office, dentist, or for school and extracurricular activities. But when your child turns 18, things change. They are now legally adults, and as much as we want to continue guiding them, we can no longer step in [...]

Why Your Child Needs a Power of Attorney When They Turn 182025-07-03T10:19:04-04:00

Facing Excess Income When Applying for Medicaid? A Pooled Trust May Be the Solution

2025-07-03T10:20:26-04:00

One common challenge Medicaid applicants face is having income that exceeds the program’s limit. To address this, two common planning tools are a Qualified Income Trust (QIT) and a Pooled Trust. A QIT is limited in scope—it can only shelter excess monthly income and is restricted to paying for specific expenses like medical or facility-related [...]

Facing Excess Income When Applying for Medicaid? A Pooled Trust May Be the Solution2025-07-03T10:20:26-04:00

Estate Planning if You Have a Business or an LLC

2025-07-03T10:21:35-04:00

Every business owner needs a plan—not just for growth, but for the unexpected. Estate planning is a crucial step in protecting the future of your company. It ensures a smooth leadership transition, safeguards both business and personal assets, minimizes tax liabilities, and provides clarity for your employees and loved ones. Without a solid estate plan, [...]

Estate Planning if You Have a Business or an LLC2025-07-03T10:21:35-04:00

Estate Plans, Elder Law, and Real Property: How They Intersect

2025-04-30T12:13:59-04:00

Elizabeth “Liz” Allen, JD, LLM, has been with Gibbons | Neuman firm and practicing law for 35 years and focuses on people concerned with losing financial security and quality of life due to the cost of long-term health problems and disabilities. Liz’s primary areas of practice are Elder Law and Estate Planning. Rod Neuman has been [...]

Estate Plans, Elder Law, and Real Property: How They Intersect2025-04-30T12:13:59-04:00
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