Phone: 602-996-4076   Email: sue@susansandys.com

Posts by Susan Sandys

Transferring a Mortgage into a Living Trust

Transferring a Mortgage

Living trust are incredible tools for estate planning and cover a range of benefits from tax breaks and avoiding probate, to asset protection and management of assets at the end of life. Typically, placing real estate into a living trust is simple, but with a mortgage it becomes more complicated. To place the mortgage into…

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Creating an Estate Plan for your Digital Assets

Digital Assets

In the age of information and technology, it is inevitable that there will be digital assets in your name; you may have Facebook accounts, Google, Netflix, or Amazon just to name a few. It has become increasingly important to have a plan for your digital assets, not just to make sure everything is taken care…

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Social Security Benefits for Disabled Children

Social Security Benefits

If you have a disabled child, there are social security benefits available to you if the child meets the requirements outlined by the Social Security Administration (SSA). These Supplemental Security Income (SSI) payments are typically given out to people over the age of 65, the blind, and the disabled.  Once a child attains the age of…

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Alternatives to Special Needs Trusts

Special Needs Trusts

Special needs trusts are considered the most effective way to gain tax breaks and ensure the best level of protection for your loved one, and they are covered in more detail in previous blogs. But these trusts cost time and money, and the trustee may be placed in difficult situations. Not every situation is the…

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Financial Power of Attorney After Death

Financial Power of Attorney

People often ask, can I obtain financial power of attorney after death? The answer: no. Power of attorney must be given when the principal (the person giving POA) is still alive and ends upon his/her passing. A common misconception is that POA lasts after the person passes, giving the agent the right to continue dealing…

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Reasons to Request Guardianship

guardianship

Even though it does not seem like it at times, the law is there to help and protect you. Guardianship is one of the ways that the law works to protect people who cannot protect themselves. There are many reasons to request guardianship, ranging from children in abusive situations to adults who cannot take care…

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Special Needs Trust Tax Returns

Special Needs Trust Tax Returns

Generically, it is required that a trustee file income taxes on any trust that they have; although is done separately from personal income tax. Special needs trusts are no different. As a trustee, it is important to know your duties when tax time comes, as well as how to file taxes properly. Taxes for First-Party…

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Self-Settled Special Needs Trust

Self-Settled Special Needs Trust

Self-Settled Special Needs Trust are useful when a disabled individual has enough assets that would put them over the threshold for Medicaid. Medicaid requires that the assets must be spent down to become eligible for Medicaid; there are a variety of ways of doing this legally, from paying down debt, funeral expenses, or asset purchases,…

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Types of Powers of Attorney

Types of Powers of Attorney

The course of life brings with it many joys, and many challenges. Through accidents, illness, or simply age, you may lose the ability to make decisions on your own. By establishing a Power of Attorney (POA), you can ensure that your wishes are fulfilled, and needs taken care of by someone you trust.  POA’s let…

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Durable Power of Attorney for Health Care Decisions

Durable Power of Attorney for Health Care

Establishing a Durable Power of Attorney for Health Care Decisions is a very important step to take. It is sometimes overlooked. Having a Durable POA for Health Care Decisions will ensure that medical decisions can be made that are consistent with your wishes. This type of Power of Attorney typically kicks in if you are…

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