Bott & Associates, Ltd.

Who is the “right” expert to go to for professional advice on estate planning and taxes: an estate lawyer, a Certified Public Accountant or a Certified Financial Planner? The answer is that to put in place a solid estate plan and…

There may come a time in your life when you can’t make your own health care decisions for any number of reasons, including injury or severe illness. However, one thing you can be in control of and that’s being prepared…

When it comes to estate planning, there are many decisions to make, and among the most important is whether you should utilize a Living Trust or a simple Last Will & Testament. This may seem like a question with a…

When determining your estate’s future distribution with the protection of assets and minimizing estate taxes as a goal, it’s essential to take time and learn about the features and differences between Revocable and Irrevocable Trusts. Both of these unique estate…

Dementia is a sinister ailment that comes with age. It leaves us bereft of our reason and awareness. Unfortunately, we have very little idea of who and when we may fall victim to this condition before it happens. If we…

What is a beneficiary designation? It is a form you fill out that says who will receive some benefit when you die. Even though that should be a serious consideration, most people do not give it any thought when they…

Planning one’s estate is one thing, but discussing it with family members is often something else. It can be awkward, depressing, and sometimes met with hostility by those who do not want to ponder the possibility of losing a loved…

Different Kinds of TrustsYou might have heard about irrevocable and revocable trusts or special needs trust, but did you know there are more than 30 different kinds of trusts? Many of these are complex and applicable to very specific situations.…

Protecting Assets Protecting your financial future from medical bills that result from a serious illness or injury can help you prevent bankruptcy and other catastrophic debt. While surgery, physical therapy, and other medical costs can skyrocket out of control quickly,…