April 2018 - The Alabama Family Trust has recently selected Warren Averett Asset Management to provide professional money management and investment services effective April 1, 2018. Warren Averett Asset Management offers Alabama Family Trust and its beneficiaries a unique, comprehensive solution that includes recordkeeping, administrative services, and investment management all under one firm umbrella. With this new partnership, Alabama Family Trust is proud to offer enhanced benefits including lower fees, streamlined reimbursements, and robust investment options. Here are more … [Read more...]
Taking Care of Family
Southerners often pride themselves on taking care of family. However, as family members live longer and Alzheimer’s and other forms of dementia are becoming more common, caring for an aging loved one can be challenging. Many times, family members cannot quit their jobs to care for the loved one, or they may not have the care-giving expertise to meet their loved one’s needs. When it’s time to consider skilled care, like a nursing home, the family needs to talk to an elder law attorney about asset protection and potential government benefits, such as Medicaid and SSI. Avoid "Spend Down" with a … [Read more...]
How Disabled Folks Benefit from Special Needs Trusts
Disabilities can occur at any age . . . . . . But disabilities do not have to mean the end of living a full life. However, the specifics of “a full life” for disabled people go well beyond the basic needs provided by government benefits such as Supplemental Security Income (SSI) or Medicaid. Avoid the "Spend Down" Most people think that they have to spend down practically all of their financial assets in order to qualify for these governmental benefits, but that is not the case. When financial assets are placed in a Supplemental Needs Trust, also called a Special Needs Trust, a disabled … [Read more...]
Best Places to Take Your Grandchildren in Birmingham
Although grandchildren love their grandparents, they do not typically consider time spent with grandma and grandpa as fun and exciting. They would usually rather be playing with friends their own age or nose-deep in their smart phones. Sure, Christmas and birthday presents will quickly boost you up the totem pole, but the effects of spoiling only last so long, and it can be expensive. Whether your grandchildren live here in Birmingham or are coming to visit over the weekend, make sure you know all of the best places around town to keep them entertained. Soon they will be asking to visit … [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...]