LEGACY PLANNER BLOG: Recent Comments

Comment on Long-Term Care Insurance Part of the Asset Protection/Estate Planning Toolkit

long term care — 2011-12-30T03:18:56Z

Nice post! Partnership policies are meant to protect people from asset recovery. Medicaid qualifies individuals with its minimum asset/income threshold, so people who have more than that are forced to drain their assets

Comment on Legal Insurance Plans

online payday loans — 2011-12-08T12:39:37Z

I am surprised to know about such legal insurance plans where a covered employee when wants to use a benefit under the plan, the company looks to find an attorney who will provide that benefit at a rate that is just a fraction of what the going rate is for the service.They should do all things prior to such claim.

Comment on Using Beneficiary Designations to Avoid Probate? Be Smart About It.

Maryan Jaross — 2011-11-01T21:49:02Z

This is why it's so important to have your Financial Advisor work closely with you and your Estate Attorney to make sure all the beneficiary designations are done correctly. And don't forget your 401K, especially if you've recently been married, widowed, or divorced.

Comment on The Yin and Yang of Estate and Business Planning

Fred K Bailey — 2011-09-15T19:14:16Z

Well said.
Clients know usually what they want, but there is no reason to expect awareness of side effects unless pointed out by, hopefully, their advisor, hopefully, before ill effects set in.
This is a perfect and succinct example.

Comment on Providing For Pets In Estate Planning

Barry Seltzer — 2011-08-17T14:50:16Z

We think blog articles of this type are necessary and beneficial.

We believe that animals humanize us and remind us of our obligations and responsibilities to each other. Our intention was that our book, ‘Fat Cats & Lucky Dogs’, would be a vehicle for sharing information and ideas with the general public; for providing guidance to those who would like to explore planning possibilities for their families and pets; and for stimulating people to take action while they are able to do so.

The main reason we wrote the book was to bring these considerations, among others, to the minds and hearts of as many people as possible to encourage their participation in improving the care and comfort of all species with which we inhabit our planet (including companion animals). Our goal was to secure the widest distribution of this transformative information as possible.
We believe our book is of value to everyone concerned with companion animal care and would be of significance for all animal lovers.

Sincerely,

Barry Seltzer & Professor Gerry W. Beyer

A few observations about ‘Fat Cats & Lucky Dogs’

I have received .... a copy of your book, Fat Cats & Lucky Dogs. I look forward to reading it. Thank you for thinking of me.

Very truly yours,
JUSTICE SONIA SOTOMAYOR, Supreme Court of the United States

The book if full of wonderful anecdotes and sound advice. I know I will enjoy reading it.
Sincerely yours,
JUSTICE SAMUEL A. ALITO JR., Supreme Court of the United States

Comment on Long-Term Care Insurance Part of the Asset Protection/Estate Planning Toolkit

Karen Brady — 2011-06-14T19:47:00Z

Scott, Thanks for sharing your blog post about long-term care insurance. I agree that the costs of LTC insurance aren't always as great as people fear, and can often be managed by designing the policy to cover financial catastrophes rather than every possible expense. LTC insurance premiums can be out of reach for some, but then you have to balance it against what you are trying to protect.

Comment on Long-Term Care Insurance Part of the Asset Protection/Estate Planning Toolkit

Scott A Olson — 2011-06-14T16:03:28Z

Most people overestimate the cost of a good long-term care policy. A healthy, married couple in their mid-fifties, can share a policy that starts off with over a half million in benefits for about $100 per month per spouse.

There’s a new type of government-approved long-term care policy that can protect your assets from Medicaid even if the policy runs out of benefits.

Here’s an explanation of how these policies work:

http://bit.ly/How-Partnership-Policies-Protect-Assets

Scott

Comment on Wealthy Americans Don't Want to Leave Kids Inheritance Outright

John A Warnick — 2011-05-25T15:12:59Z

Karen,

Thank you for sharing this article. I continue to follow your blog with great interest and appreciate the work you are doing to not only serve your clients but to share best practices and wisdom with other advisors. Your leadership and efforts are greatly appreciated.

John A

Comment on Legal Insurance Plans

Karen Brady — 2011-05-21T15:55:00Z

Mark,

I had heard that the company Prepaid Legal Services often had an attorney or even an entire law firm already contracted to provide services to their members. That was one of the reasons I was perplexed by what I perceived to be a different business model for at least one other legal insurance program. I invite you to read the next post I made on valuing services when you don't pay for them and let me know how your experience compares.

Comment on Legal Insurance Plans

mark rosenfield — 2011-05-20T17:37:51Z

As a senior assoicate with prepaid legal I found your article very interesting.Notwithstanding pre-paid legal services might have a designated attorney in every territory but they will have the time and the talent to prepare your will or any other legal document you might require.