By Jennifer Triplett | Published July 17, 2016 | Posted in Uncategorized |
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Jennifer Triplett
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⟨ 2 Reasons an Outdated Trust Will Leave Your Spouse Broke and Helpless
I recently met a lady in Raleigh who said that she and her husband had separate trusts drafted about 15 years ago. She wondered if they needed to be updated. I knew right away that since they were set up many years ago as separate trusts, the goal at that time was to avoid estate Read More
Read MoreScary Facts about Nursing Home Poverty
I met a couple recently, Rose and John, who had been married for over 50 years. Rose informed me that they were recently divorced. I am sure by the look on my face, she could tell I was shocked and confused, since they were standing together in front of me. Rose explained that John had Read More
Read MoreWarning: Your Children’s Futures are at Stake
Have you ever thought about what would happen to your minor children if you died without a Will? Many young families do not think about the consequences of such a tragedy. We all assume that we will live forever into our golden years, all the while running the risk that our children may become wards Read More
Read MoreThe Real Truth about Medicaid Planning
With the recent find of a $1 million in gold coins while scuba diving, I was reminded of a story someone once told me. Their father had several hundred thousands of dollars in coins. Many years ago he had created a trust to protect his hard earned money from nursing home poverty, but he chose Read More
Read More5 Hidden Dangers of Joint Ownership with a Child
A common question I am asked is whether probate can be avoided if assets are owned jointly with a child. I would like to share just four of the disastrous reasons why you should not add a child’s name to the title of an asset just to avoid probate. 1. If your child is Read More
Read MoreCould Your Estate be a Windfall for the Wrong People?
I was talking with a grandmother recently about the devastating loss of her adult son, Bill. She explained that she was in shock because her grandson was not entitled to any part of Bill’s estate. After asking a few questions, I understood why. Bill had died without a will. Bill’s son, Jason, was his Read More
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