by David Edwards | Apr 22, 2022 | Asset Protection, Estate Planning
Years ago, when I was single, I went out of town and a few days later my condo neighbors called ’cause they smelled a terrible stench. Nothing had died, but turns out I had forgotten to take out the trash before I left. (Thanks Mom and Dad, who made arrangements... by David Edwards | Apr 18, 2022 | Asset Protection, Elder Care Advising
We’ve previously talked about asset protection, but before we jump into some real-life examples, let’s review: Asset protection is simply protecting the things you own. This could be your house, your savings accounts, your IRAs, farmland, etc. Life is unpredictable,... 
by David Edwards | Apr 14, 2022 | Asset Protection, EP-ProtectingAssetsSavings
Estate planning can seem complicated, but often it’s just because the vocabulary isn’t familiar. Here is what you need to know about asset protection: What is asset protection? What risks should I protect against? What timelines should I consider when it... 
by David Edwards | Sep 2, 2021 | Asset Protection, Elder Care Advising, Wills and Trusts
So, what are life estates or life estate deeds? Sometimes, instead of using a trust, people will use a life estate deed to try and protect a house or farmland. This means they deed the land to their kids but reserve the right to still use the house or the farm as long... 
by David Edwards | Jun 7, 2021 | Asset Protection
Prenuptial agreements aren’t just something you should consider in the context of what will happen to your assets in the event you should divorce. Prenups are also really handy when it comes to estate planning. What does a prenup have to do with estate... 
by David Edwards | Mar 28, 2021 | Aging Parents, Asset Protection, Nursing Home
When faced with the shocking costs of long-term care or a nursing home, many people have to scramble to figure out a way to pay the enormous fees. Realistically, the $7000+ a month it costs for a nursing home in Central Illinois is a big financial burden for most...