Asset Protection
How Can I Protect My Assets from Taxes and Other Liabilities In North Carolina?
Protecting your assets from taxes and other liabilities can feel overwhelming. At Brady Cobin Law Group, PLLC, we understand the complexities involved and are here to guide you through the process. Here are some strategies you can use to safeguard your assets in North Carolina. Understanding Asset Protection Asset protection is the strategic use of…
Read MoreProtecting Your Assets Trusts For Business Owners In North Carolina
Protecting your assets can seem daunting as a business owner, especially when considering the complexities of trusts and estate planning. At Brady Cobin Law Group, PLLC, we understand your challenges and are here to help simplify the process. Trusts can be a powerful tool for safeguarding your assets, ensuring your business’s longevity, and providing peace…
Read MoreWhat Is the Medicaid Look-Back Period, and How Does It Affect Asset Transfers In North Carolina?
The intricacies of Medicaid and asset transfers can feel overwhelming, especially when trying to ensure that you or your loved ones receive the care they need without undue financial hardship. This guide aims to demystify the Medicaid look-back period and its implications for asset transfers in North Carolina, offering clear, actionable information for those facing…
Read MoreWhat Assets Are Countable and Non-Countable For Medicaid Eligibility In North Carolina?
When it comes to Medicaid eligibility in North Carolina, understanding the difference between countable and non-countable assets is crucial. At Brady Cobin Law Group, PLLC, we’re dedicated to helping you go through this important aspect of estate planning and elder law. Let’s dive into what assets are considered countable and non-countable for Medicaid eligibility in…
Read MoreWhat Is Medicaid Planning, And How Does It Relate to Asset Protection In North Carolina?
Going through Medicaid planning and asset protection in North Carolina can be complex, but it’s crucial for securing your future and that of your loved ones. At Brady Cobin Law Group, PLLC, we believe in making this process as clear and straightforward as possible. In this post, we’ll delve into what Medicaid planning is, how…
Read MoreCan I Transfer Assets To My Family Members To Qualify For Medicaid In North Carolina?
Transferring assets to qualify for Medicaid is a common concern among families in North Carolina, especially when considering long-term care planning. Medicaid Eligibility and Asset Transfer Medicaid is a critical resource for many Americans requiring long-term care. It has stringent eligibility requirements, including limits on income and assets. In North Carolina, as in other states,…
Read MoreHow Can I Protect My Assets If I Need Long-Term Care In North Carolina?
As we age, the likelihood of needing long-term care increases significantly. This likelihood can be a daunting prospect, especially when considering financial implications. In North Carolina, without proper planning, the high cost of long-term care can quickly deplete your life savings and affect your family’s financial stability. At Brady Cobin Law Group, we understand these…
Read MoreMedicaid Asset Protection Trust Planning
Medicaid is a program that provides significant health care and long-term care benefits to many Americans who qualify. Unfortunately, to qualify for Medicaid, you must have a low income and few assets. This means that if you’ve spent a lifetime working and saving, you must take steps to qualify for Medicaid before the need arises. The…
Read MoreWhat You Need to Know to Make Required Minimum Distributions Less Taxing
Those pesky RMDs can wreak havoc if you haven’t done proper tax planning. With the deadline just around the corner, it’s time to finalize your RMD decisions. If you’re 70½ and required to take your annual RMD or face the 50% IRS penalty, you don’t have much time left to act. With the stock market…
Read MoreTips on Naming a Trustee
Selecting a trustee should be a thoughtful decision, taking into consideration the person’s ability to manage money and make decisions. Unfortunately, that’s not usually what happens. A snap decision made so that documents can be prepared on a timely basis is not the way to pick a trustee. This person or persons will be making…
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