This article was first published in the May 2019 of Birmingham Parent magazine. … [Read more...]
Special Needs Trusts and Medicaid Eligibility
Can you Explain Special Needs Trusts and Medicaid Eligibility? No Problem! Even if you have used a special needs trust and Medicaid application yourself, it's still difficult to explain it to someone else. Alabama Family Trust can handle this situation. Just break out the popcorn and join your friend to: Watch this video Of course, Alabama Family Trust strongly recommends you consult with an estate planning asset protection attorney who also has experience helping with Medicaid applications. A Special Needs Trust can protect assets so that they can be used to supplement government … [Read more...]
Planning Ahead for Elderly and Disabled Individuals
Still thinking about New Year resolutions? Think beyond the usual “I’m going to lose weight, exercise more, and get healthy” resolutions and commit to one you can keep with just a small amount of effort. Give Funds to Disabled Family Members the Right Way Estate planning is important to make sure your wishes are carried out when you die. but it is also important to take care of living family members (including yourself in case you become disabled). If you have a disabled family member, chances are good that you would like to leave money to take care of that person’s needs when you die. … [Read more...]
Where to Put Your Trust – Alabama Family Trust
Learn how Alabama Family Trust helped the McCune family afford quality care for their mother, the late Lena McCune. After years of research, siblings Debbie, Steve, and Bradd chose to use Alabama Family Trust's unique pooled special needs trust. “In protecting my mother’s money, she was able to continue her life affording all of the amenities she had her entire life: hair salon, manicures, a telephone, a newspaper subscription,” daughter Debbie McCune said. “She loved reading and always kept up with current events.” In addition, the family had the funds to furnish Mrs. McCune's private … [Read more...]
Estate Planning Tips for Baby Boomers
Estate planning can seem daunting, but with assistance from Alabama Family Trust, the process becomes more manageable. If you are a Baby Boomer who is ready to investigate estate planning in Alabama, there are two main questions to ask yourself: What happens to your estate when you die? What happens to your estate if your health deteriorates and you must rely on others for permanent caregiving? Creating a proper estate plan can help protect your assets and ensure that your wishes are carried out in the event of death, or if you require long-term care due to disability or … [Read more...]