Case Study: Planning for Minor Children
The Situation Alan and Betty are both 42 years old and have two children: Carl (16) Don (10) Carl and Don are healthy, well-adjusted kids. That said, Alan and Betty have started to notice some age-appropriate, but concerning, financial habits. Carl spends his allowance as soon as he receives it and shows little interest in […]
Case Study: Planning Around an Estranged Child
The Situation Alan and Betty are both 65 years old and have two adult children, Carl and Don. Alan and Betty have been estranged from Carl for more than 15 years following a significant falling out. They have no relationship and do not want Carl involved in their lives, finances, or medical decisions in any […]
Case Study: Protecting a Special Needs Child Without Jeopardizing Benefits
The Situation Alan and Betty are both 65 years old and beginning to think seriously about their estate plan. They have two sons: Carl, who has special needs and is unable to manage his finances independently. Carl currently receives Supplemental Security Income (SSI) and will likely need to qualify for Medicaid in the future. […]