Introduction In the early 1900′s, a handful of industrialists and entrepreneurs had amassed tremendous fortunes. John D. Rockefeller had made his name in oil, Henry Ford in automobiles, Carnegie in steel. Their estates, in today’s dollars, would rival those of Bill Gates and Warren Buffett. As these visionaries aged, most of them asked a handful [...]

The Next Madoff-Sized Financial Scam.

“Aid and attendance” is a commonly used term for a little-known veterans’ disability income. The official title of this benefit is “Pension.”The reason for using “aid and attendance” to refer to Pension is that many veterans or their single surviving spouses can become eligible if they have a regular need for the aid and attendance [...]

As any parent of an adolescent knows, a child’s transition into adulthood presents extraordinary opportunities for growth, reflection, and responsibility. The child with special needs faces all of these changes along with the added challenges brought on by his or her individual disability. It is not unusual for a child with special needs to have [...]

This Article is by: Scott Cohen, CSA (Guest Blogger on MarkAlbertson.com)     As with any type of loan made to the senior demographic, one needs to assess the: health, wealth and legal structure of one’s estate. A Reverse Mortgage structurally is similar to a “forward” mortgage, with many nuances that have been implemented to [...]

Investing in structured settlements – Is it a viable option to repay debt? Staying in high interest debt and not being able to pay it off is a horrifying experience for a debtor as it is a tough job to get rid of it. Having a huge debt amount is certainly a strain on your [...]

The pooled trust is a very useful means of providing for special needs beneficiaries without the hassle or expense of set-up and maintenance of other trust options. Assets transferred into a pooled trust are exempt from the transfer of assets rules, and when properly established, the assets are unavailable and not included in the estate [...]