QMC

Financial Powers of Attroney

Understanding the Financial Power of Attorney: A Key Component of Estate PlanningCreating a solid estate plan is one of the most meaningful steps you can take to protect your family’s future. While it may not be the most cheerful topic to start your day, preparing for unexpected events—such as illness or incapacity—is a responsible and […]

Receipt of Resources Following Approval

In cases where the couple’s total non-exempt assets are less than the minimum spousal share, the institutionalized spouse receives an additional 90-day protected period to transfer assets received after approval for assistance, provided there is a new Intent to Transfer Assets Agreement signed. The additional protected period applies ONLY when the community spouse does not […]

LLCs and Trust Planning

Protecting Your Legacy: Why and How to Transfer Business Ownership to a TrustBusiness owners invest countless hours, resources, and energy into building their companies. For many, the ultimate goal is to pass that legacy on to the next generation. If that’s your intention, one of the most strategic steps you can take is transferring ownership […]

Entrepreneurs Have a Particularly High Need for Estate Planning

Sometimes it seems the estate planning world is rigged to accommodate married couples with children, with steady jobs in the corporate world.  When a person is a business owner, an entrepreneur, or perhaps a free-lance worker, specific drafting may be necessary to meet that family’s unique needs.   Estate Planning for Freelancers and the Self-Employed: Protecting […]

Disspelling Estate Planning Myths

Don’t Fall for These Common Estate Planning MythsHaving a well-crafted, up-to-date estate plan gives you peace of mind knowing your final wishes will be honored—no matter when or where the time comes. Life is unpredictable, and so are the laws and circumstances surrounding death. That’s why it’s essential to plan ahead. At Dorcey Law Firm, […]

Proceeds from a Bona Fide Loan

Proceeds from a loan are anything an individual or their spouse receives from someone that they agree to pay for at a later date. The applicant/participant or their spouse can make the agreement with a lending institution such as a bank, or another individual. The loan agreement must be enforceable under State law. A loan […]

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