iPug,™ The Revolution in Estate and
Asset Protection Planning
You Can Do More Than Think Outside The Box,
You Can Re-Invent It!

For the past few months, Americans have been riding an economic roller coaster. Many are beset by fear and even more have lost all confidence in the economy.

The burning question on their minds is: what will the future bring?

Some say that it is anyone’s guess. But, what if it could be more than a guess? What if you had a way to replace uncertainty with certainty?

According to Richard Barron, a North Central Texas Planning Attorney, there is certainty in our uncertain times. Richard brings hope and solid, proven results in estate and asset protection planning.

The groundbreaking tool is the iPug™. “The iPug™ is a whole new approach to estate and asset protection planning,” Richard states.

So, just what is an iPug™? The iPug™ is a Self-Settled Asset Protection Trust™ for the everyday folk and Medicaid compliance that works in all states. It protects client assets from creditors, predators and nursing homes, while permitting the grantor to be trustee and have customized access. The iPug™ was created by utilizing universal, fundamental trust and common law principles and are not reliant or dependent upon state or federal specific asset protection laws.

“In essence, the iPug™ is an Irrevocable Grantor trust for income and estate tax purposes. It not only provides good tax benefits, including a full step-up in basis, but it also provides asset protection, while retaining Grantor control,” explains Barron. “With the increase in the estate tax exemption to $5.4 million, iPug™ will be applicable to 99.5% of Americans.”

If you’d like to learn more about this topic or schedule a meeting with

Richard M. Barron,
please contact him at any of the following:

[email protected],

www.TexasElderLawAttorney.com

1-800-939-9093

Mr. Barron also has workshops scheduled and seating is by reservation only due to limited space, contact the office for the dates, times and places.

Texas Elder Law Attorney
Richard M. Barron
209 E. Main St.
Whitesboro, Texas 76273
903-564-3663
Offices in Plano and Denton

Do You Need The Services Of An Elder Law Attorney In Collin, County, Texas?

Create Important Documents With The Help Of A Grayson County, TX Elder Law Attorney

If you become incapacitated, it is important for you to have certain documents in place in order to make sure your assets are well protected. With the help of an elder law attorney in Collin, County, Texas, you can prepare the proper documents while making sure they are both protective and legally sound.

There are a number of different documents that a Grayson County, TX elder law attorney can help you prepare. Some of these include…

Living Will
Medical Power of Attorney
Power of Attorney for Property and Finance
Declaration of Guardian in the Event of Incapacity
Wills and Trusts
Simple Wills
Complex Wills
Living Trusts
Special Needs Trusts

Each of these documents needs to be completed with the help of an elder law attorney in Collin, County, Texas in order to make sure they are legally binding. By having a Grayson County, TX elder law attorney help you create these documents, you can be certain your assets will be properly protected and your wishes are carried out – even when you become incapacitated.

If you need help developing quality, complete legally binding documents, Richard M. Barron is here for you. He offers 33 years experience in the elder law field and will provide you with the personal attention you deserve. Call 800-939-9093 or email [email protected] to learn more about he can help you.

This case Illustrates Dangers of Executing a Will Without Legal Assistance.

People sometimes try to save money by not consulting with a qualified attorney when executing their will, instead using a pre-printed form or online program. A recent court case offers yet another example of the hazards of doing this.

Deciding the long-running case, the Florida Supreme Court has ruled that money acquired by a woman after she used a form to execute a will should be distributed as if she had never made a will at all. A justice hearing the case called it “a cautionary tale of the potential dangers of drafting a will without legal assistance.” Aldrich v. Basile (Fla., No. SC11-2147, March 27, 2014)

Ann Aldrich wrote her will on an “E-Z Legal Form.” She listed several possessions and bank accounts that she intended to go to her sister unless her sister died before her, in which case they were to go to her brother. Ms. Aldrich’s sister did indeed die before her, and Ms. Aldrich inherited additional money and property from the sister. However, Ms. Aldrich did not have a “residuary clause” in the original will and she never revised the will to account for this new property.

After Ms. Aldrich herself died, the court had to determine who would inherit the property Ms. Aldrich received after she wrote the will. Her brother argued that he was entitled to all her property, but Ms. Aldrich’s nieces (the daughters of a second brother who had died) maintained that the property should pass through intestacy — according to state law for those who have no will.

The case wound its way through the courts. A trial court ruled for Mr. Aldrich, but an appeals court reversed that ruling, and Mr. Aldrich appealed. The Florida Supreme Court has determined that although the will made it clear that the property listed was to go to Ms. Aldrich’s living brother, the will did not say anything about property acquired after the will was written.

Because the will had no residuary clause or general bequests that could include the inherited property, the court held that the after-acquired property will have to pass under Florida’s laws of intestacy. A concurring judge noted that the case was “a cautionary tale of the potential dangers of utilizing pre-printed forms and drafting a will without legal assistance.”

The irony is that using a boilerplate will form not only frustrated Ms. Aldrich’s testamentary intent, but ultimately cost her estate far, far more than a simple consultation with an estate planning or elder law attorney would have.

Thanks, Richard

www.TexasElderLawAttorney.com

1-800-939-9093

[email protected]