Special Needs Trusts

If your family includes a member (or members) that require special needs, there are some very important things you must consider when planning for your future. There is a special kind of trust called a “Special Needs Trust” that we at Vanguard Legal Group have found very helpful.

A special needs trust can do many things, including marking funds for future care. The special needs trust also allows assets to be under the care of an appointed trustee. As importantly, a special ...

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Supreme Court Ruling Could Affect Your IRA

The Wall Street Journal published a story in October titled, “Court Ruling Sparks Rush to Shield IRAs.” The article goes into depth about a June 2014 decision by the courts that ruled an inherited IRA is not considered a retirement account. Their decision hinged on the fact that a beneficiary can withdraw funds from the account at any time without penalty. The result of this decision means that any inherited IRA funds will no longer be protected from creditors if the beneficiary must ...

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Challenges of Probate: Dealing With Creditors

At Vanguard Legal Group, our priority is helping our clients avoid situations like probate. Probate occurs when one dies without the proper estate plan in place. You can learn more about avoiding probate at one of our free estate planning workshops or by speaking with an attorney.

However, if you do find yourself in the unfortunate situation of probate, you may find there are many challenges.

There are several obligations one has when officially handling a probate. One of the most important ...

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