Asset Protection Today with Bill Alexander

W.G. Alexander and Associates, PLLC
  • 4.2 (6)
  • Investing
  • Weekly

Asset Protection Today is a podcast hosted by Bill Alexander, attorney and founder of W.G. Alexander & Associates, PLLC, dedicated to helping individuals and families protect what they've worked a lifetime to build. With more than 50 years of experience practicing law, Bill Alexander brings decades of experience in estate planning, elder law, asset protection, Medicaid planning, VA benefits, trusts, retirement planning, and legacy planning to each episode. He is also a three-time recipient of the North Carolina Chapter of the National Academy of Elder Law Attorneys' Elder Law Attorney of the Year Award. Each episode of Asset Protection Today provides practical information and insights to help you make informed decisions about your family's financial future. Bill and his guests explore strategies for protecting assets, planning for long-term care, preserving wealth, minimizing financial risks, preparing for retirement, and creating an estate plan that protects your family and your legacy. Whether you're planning for your own future, helping aging parents, thinking about long-term care, or looking for ways to preserve your family's wealth for future generations, Asset Protection Today offers information designed to help you understand your options and plan with confidence. Learn more about Bill Alexander and W.G. Alexander & Associates, PLLC, explore estate planning and elder law resources, and find upcoming educational seminars at wgalaw.com

  1. 3d ago

    Gifts, Loans & Medicaid Traps: When Helping Your Kids Hurts You

    Do your children or grandchildren keep asking for money, or for their inheritance early? In this episode of Asset Protection Today, elder law attorney Bill Alexander explains why generosity toward family can backfire, and why well-meant asset protection moves often cause more problems than they solve. Bill explains why most children are better off inheriting than receiving early gifts, especially for tax reasons, and why regular $10,000–$15,000 gifts can create expectations that strain family relationships. He covers why a loan to your child is usually really a gift, why an irrevocable trust can be a better gifting tool than cash, and how any gift made within five years of applying for Medicaid can count against you under the look-back period. He also debunks a common myth: you don't have to be "dirt poor" to qualify for Medicaid nursing home care. Bill explains why irrevocable Medicaid asset protection trusts are rarely needed in North Carolina, and shares real cautionary stories: a couple who couldn't freely sell their own home after moving it into an irrevocable trust, a retired Medicaid caseworker who was better served by an enhanced durable power of attorney (and a full step-up in basis for her daughter) than by deeding part of her house, and a life estate deed that left a mother unable to pay for assisted living when one daughter refused to sign. If you're thinking about gifting to family, protecting your home, or planning for long-term care costs, this episode offers practical guidance from one of North Carolina's most respected elder law attorneys. Want to learn more? W.G. Alexander & Associates hosts free educational webinars on asset protection, trust planning, and long-term care. Sign up at https://wgalaw.com/seminars/ (1:03) Controlling Generosity with a "Chronic Borrower" (3:33) When Gifts Make Sense (and the Problem with Recurring Gifts) (5:40) Using Irrevocable Trusts Instead of Cash Gifts (6:17) Why a Loan to Your Kids Is Really a Gift (8:21) Seniors of Modest Means & the 5-Year Medicaid Look-Back (9:59) Medicaid Myths: You Don't Have to Be Poor (12:08) Irrevocable Medicaid Trusts: Why North Carolina Is Different (15:03) Enhanced Power of Attorney vs. Deeding Your House (19:09) Cautionary Tale: The Life Estate Deed Gone Wrong (22:18) Lessons on Getting the Right Advice (23:01) Recap, Contact Info & Free Webinars #ElderLaw #MedicaidPlanning #EstatePlanning #AssetProtection #GiftingToFamily #LongTermCare #NorthCarolina

  2. 6d ago

    Unequal Inheritance Without the Lawsuit: Attorney Mariah McKinney on Avoiding Family Disputes

    Leaving more to one child than another? It's your right, but without the right planning it can end in a costly family lawsuit. In this episode of Asset Protection Today, elder law attorney Bill Alexander and litigation attorney Mariah McKinney, of counsel to W.G. Alexander & Associates, explain how to plan unequal distributions fairly and keep your estate out of court. Bill and Mariah cover why documenting the reason behind an unequal distribution matters, even with a simple written explanation, and why your spouse is the only person legally entitled to part of your estate in North Carolina. They discuss choosing the right agent in a second or third marriage, why a prenup (or a postnup, which is much harder to get) protects your children's inheritance, and why updating your documents before a diagnosis is one of the best ways to prevent a will or trust challenge. Mariah also shares what makes her approach to fiduciary litigation different: looking for collaborative solutions first and asking what each family member actually cares about. She tells the story of an entire estate dispute that came down to one old painting, and how it was settled once everyone understood what the fight was really about. Bill and Mariah also touch on the emotional and financial cost of litigation, and why seniors in decline are especially vulnerable to undue influence. If you're planning an unequal inheritance, navigating a blended family, or worried about a future estate dispute, this episode offers practical guidance from two experienced North Carolina attorneys. Want to learn more? W.G. Alexander & Associates hosts free educational webinars on asset protection, trust planning, and long-term care. Sign up at https://wgalaw.com/seminars/ (1:36) Avoiding Family Conflict (2:00) Documenting Unequal Distributions (3:50) Spousal Rights & Choosing the Right Agent (4:53) Prenups, Postnups & Blended Families (7:00) Why Seniors Need an Elder Law Power of Attorney (8:32) Update Your Documents Before a Diagnosis (10:21) The Real Cost of Estate Litigation (11:50) Mariah's Collaborative Approach & the Painting Story (13:58) Seniors in Decline & Undue Influence (15:17) Wrap-Up & Free Webinar Info #EstatePlanning #ElderLaw #InheritanceDisputes #EstateLitigation #BlendedFamily #Prenup #AssetProtection

  3. Oct 22

    Caregiving, Guardianship & Family Conflict with Attorney Mariah McKinney

    When one child becomes the family caregiver, money and family relationships can get complicated fast. In this episode of Asset Protection Today, elder law attorney Bill Alexander welcomes back litigation attorney Mariah McKinney, of counsel to W.G. Alexander & Associates, to talk about how families can avoid costly disputes, Medicaid problems, and guardianship. Mariah brings a litigation perspective to elder law, handling breach of fiduciary duty cases, guardianship disputes, and situations where banks or medical providers won't honor a power of attorney. Together, she and Bill explain why paying a family caregiver without a written agreement can lead to a Medicaid sanction, and why many breaches of fiduciary duty are unintentional. Bill also walks through a common promise, "move in with me and I'll leave you the house," and shares his alternative: a care contract backed by a revolving promissory note secured by the home, so the caregiver is paid fairly without an unfair windfall. The conversation then turns to "life planning": choosing a financial and healthcare power of attorney you completely trust, North Carolina's new guardianship law requiring alternatives to be considered first, why guardianship strips away dignity and privacy, and how a disability plan in a revocable trust spells out where and how you want to be cared for. Mariah and Bill also share real cases, including a grandchild caregiver who was never properly compensated and a family dispute over keeping a spouse at home. If you're caring for an aging parent, serving as an agent or trustee, or worried about a family dispute over care and inheritance, this episode offers practical guidance from two experienced North Carolina attorneys. Want to learn more? W.G. Alexander & Associates hosts free educational webinars on asset protection, trust planning, and long-term care. Sign up at https://wgalaw.com/seminars/ (2:44) Introducing Mariah McKinney (4:47) Maxim: "Don't Squat With Your Spurs On" (6:46) Family Caregiving & Unequal Inheritance (8:21) Caregiver Agreements & Unintentional Breaches (13:12) "Move In and I'll Leave You the House": A Better Solution (19:23) Estate Planning Is Life Planning: Powers of Attorney (20:57) Guardianship & North Carolina's New Law (26:18) Durable Powers of Attorney & Avoiding Guardianship (30:11) Disability Plans in Revocable Trusts (34:23) Case Study: The Grandchild Caregiver (36:22) Contested Guardianships & Keeping a Spouse at Home (40:39) Free Webinars & Sign-Off #ElderLaw #EstatePlanning #Guardianship #PowerOfAttorney #FamilyCaregiving #MedicaidPlanning #FiduciaryDuty

  4. Oct 19

    Lending Money to Your Kids? Get It in Writing

    Thinking about lending money to one of your children? In this episode of Asset Protection Today, elder law attorney Bill Alexander explains how family loans can quietly create problems for your estate plan, your other children, and your Medicaid eligibility, and how a simple written agreement prevents most of them. Bill covers why parents lend money (a child's divorce, a home purchase, a new business, a medical crisis), why you shouldn't count on being repaid, and why a signed promissory note at the required federal interest rate is the best way to document the loan. He explains how your will or trust can treat an unpaid loan as an advancement against that child's inheritance or forgive it entirely, and why that matters for fairness among siblings. He also explains a long-term care trap many families don't see coming: if you pay a child for care, rent, or groceries without a written agreement, those payments can be treated as gifts and penalized if you later apply for Medicaid. Using the example of a daughter who moves in to care for her mother, Bill shows why "move in with me and I'll give you the house" is often unfair to the other children, and how a care contract with a promissory note and security agreement works better. If you've loaned money to family, or are paying a family member to help with care, this episode offers practical guidance from one of North Carolina's most respected elder law attorneys. Want to learn more? W.G. Alexander & Associates hosts free educational webinars on asset protection, trust planning, and long-term care. Sign up at https://wgalaw.com/seminars/ (1:13) Family Loans (2:07) Why Parents Lend Money to Children (2:36) Promissory Notes & the Federal Interest Rate (4:18) Long-Term Care, Medicaid Gifting & Penalties (5:30) Fairness to Other Children: Advancement vs. Forgiveness (6:20) Caregiver Child Example: The House, a Contract & a Security Agreement (7:32) Wrap-Up & Free Webinar Info #EstatePlanning #ElderLaw #MedicaidPlanning #AssetProtection #FamilyLoans #FamilyCaregiving #NorthCarolina

  5. Oct 15

    Do You Really Need a Trust? Six Essential Documents and When to Go Further

    Not everyone needs a trust, but everyone needs the basics. In this episode of Asset Protection Today, elder law attorney Bill Alexander walks through the six essential estate planning documents, explains when a trust-based plan makes sense, and answers some of the most common questions he hears from families. Bill covers what happens if you die without a will (and why in North Carolina only a spouse is automatically entitled to part of your estate), why an enhanced general durable power of attorney is the most important lifetime document for asset protection and long-term care planning, and why a digital release matters when your agent can't get past multi-factor logins. He explains when revocable and irrevocable trusts are worth it, including second marriages, family dysfunction, special needs children, and protecting an inheritance from a child's divorce or high-risk profession. He also looks at the historic $15 million per person federal estate tax exemption ($30 million for a couple), why he expects it to be cut in half in the next few years, and why larger estates should plan now. Plus, answers to two common listener questions: which state's law governs a trust if Mom moves from North Carolina to South Carolina, and how LLCs can protect inherited farms, legacy properties, and rental properties from a family member's creditors. If you're deciding whether you need a trust, or want to make sure your basic documents are in order, this episode offers practical guidance from one of North Carolina's most respected elder law attorneys. Want to learn more? W.G. Alexander & Associates hosts free educational webinars on asset protection, trust planning, and long-term care. Sign up at https://wgalaw.com/seminars/ (1:08) Does Everyone Need a Trust? Wills, Intestacy & Spousal Rights (3:38) The Enhanced Durable Power of Attorney (4:32) Healthcare POA, Advance Directive & HIPAA Release (5:32) Why You Need a Digital Release (7:17) Revocable Trusts & Lifetime Asset Protection Trusts for Children (10:03) Multi-Generational Planning & Flexible Irrevocable Trusts (13:34) Estate Tax Exemptions & the Planning Window (15:07) Q&A: Which State's Law Governs a Trust? (17:18) LLCs for Family Farms & Legacy Property (21:47) LLCs for Rental Properties (23:40) Webinar Resources & Sign-Off #EstatePlanning #TrustPlanning #ElderLaw #AssetProtection #EstateTax #LLC #NorthCarolina

  6. Oct 12

    Who Should Be Your Power of Attorney? The Real Risks of Long-Term Care

    80% of financial abuse against seniors comes from their own family members, so who you name as your agent may be the most important estate planning decision you make. In this episode of Asset Protection Today, elder law attorney Bill Alexander explains how to choose the right power of attorney and healthcare agent, and why the oldest child or the one who lives closest isn't automatically the right choice. Bill covers the warning signs to watch for in family members, when a corporate trustee or CPA is a better fit, and why many seniors need an "enhanced" power of attorney instead of a limited one. He also breaks down how families can pay for long-term care: traditional long-term care insurance, life insurance with a care rider, and annuities (and why he's skeptical of them). He explains why a Medicaid asset protection trust and its five-year look-back are rarely needed in North Carolina, and why the bigger financial risk isn't the nursing home but paying for home care, assisted living, and memory care, where liquidity matters because facilities take cash, not land. He also looks at how retirement accounts complicate Medicaid planning and how a healthcare agent's decisions can affect where you live and who gets to see you. If you're planning for aging parents, long-term care costs, or your own estate plan, this episode offers practical, real-world guidance from one of North Carolina's most respected elder law attorneys. Want to learn more? W.G. Alexander & Associates hosts free educational webinars on asset protection, trust planning, and long-term care. Sign up at https://wgalaw.com/seminars/ (1:38) Busy People Get Things Done (2:45) Choosing the Right Agent for Your Estate Plan (4:56) Professional Agents: Corporate Trustees, CPAs & Attorneys (6:36) Family Financial Abuse Red Flags (7:44) Enhanced Powers of Attorney & Long-Term Care (8:55) Long-Term Care Insurance, Riders & Annuities (11:29) Medicaid Asset Protection Trusts & the Five-Year Look-Back (12:47) The Real Risk: Liquidity for Home Care & Assisted Living (15:12) Retirement Accounts & Medicaid (17:25) Healthcare Power of Attorney Risks (19:37) Conflicts of Interest & Protecting Yourself from Family (22:02) Wrap-Up & Free Webinar Info #ElderLaw #EstatePlanning #PowerOfAttorney #LongTermCare #MedicaidPlanning #AssetProtection #ElderFinancialAbuse

  7. Oct 9

    Dynasty Trusts & Multi-State Probate: Why North Carolina Is Special

    If you create a trust in North Carolina and later move to another state, whose laws apply? In this episode of Asset Protection Today, elder law attorney Bill Alexander answers that question and explains when a trust is worth having. Bill describes himself as a trust planner and explains who benefits most from one: families with tax planning needs, complicated family situations, high-wealth estates, and anyone who owns real estate outside North Carolina. Without a trust, each state requires its own probate, so you could face three or four probates instead of one. He also explains why LLCs and corporations are much easier to pass on through a trust than through probate, and how irrevocable asset protection trusts can shield children's inheritances from divorce, creditors, and occupational risk, wherever the family lives. Bill also covers a lesser-known North Carolina advantage: the state has no rule against perpetuities for trusts, which means a large enough estate can be structured as a "dynasty trust" that passes from generation to generation without a built-in end date. If you're thinking about trust planning, multi-state real estate, or protecting your family's legacy, this episode offers practical guidance from one of North Carolina's most respected elder law attorneys. Want to learn more? W.G. Alexander & Associates hosts free educational webinars on asset protection, trust planning, and long-term care. Sign up at https://wgalaw.com/seminars/ (1:47) Why Trusts Help: Out-of-State Property & Probate (2:12) Trusts vs. Probate for LLCs & Corporations (2:43) Which State's Laws Govern a Trust If You Move? (3:54) Asset Protection Trusts for Children & Grandchildren (4:55) North Carolina's No Rule Against Perpetuities (Dynasty Trusts) (5:45) Call to Action & Webinar Info (6:05) Sign-Off & Outro #TrustPlanning #EstatePlanning #ElderLaw #AssetProtection #DynastyTrust #Probate #NorthCarolina

  8. Oct 6

    Estate Planning Is Life Planning: Avoiding Medicaid Traps in North Carolina

    Estate planning isn't just about what happens after you die. In this episode of Asset Protection Today, elder law attorney Bill Alexander explains why it's really "life planning," and how the right documents can keep you independent and in control as you age. Bill explains why an enhanced general durable power of attorney is critical for seniors (as long as you have someone truly reliable to name) and why most seniors don't have the right one. He also walks through common Medicaid pitfalls that catch families off guard: gifts to children and grandchildren, regular cash withdrawals that DSS can't trace, paying a family caregiver without a written agreement, and loans without a promissory note. He also explains why a Medicaid asset protection trust is usually unnecessary in North Carolina, and why a relative from another state may be giving you advice that doesn't fit here. If you're thinking about long-term care, Medicaid eligibility, or protecting your home and savings, this episode offers practical guidance from one of North Carolina's most respected elder law attorneys. Want to learn more? W.G. Alexander & Associates hosts free educational webinars on asset protection, trust planning, and long-term care. Sign up at https://wgalaw.com/seminars/ (1:50) Estate Planning Is Life Planning (3:08) Needing Help: Durable Power of Attorney (6:18) Control Your Planning: Elder Law Documents (7:43) Medicaid Pitfalls: Gifts, Cash and Caregiver Pay (10:38) Why NC Residents Rarely Need a Medicaid Asset Protection Trust (11:55) Call to Action: Consultations and Free Webinars (13:00) Break and Outro #EstatePlanning #ElderLaw #MedicaidPlanning #AssetProtection #PowerOfAttorney #LongTermCare #NorthCarolina

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4.2
out of 5
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About

Asset Protection Today is a podcast hosted by Bill Alexander, attorney and founder of W.G. Alexander & Associates, PLLC, dedicated to helping individuals and families protect what they've worked a lifetime to build. With more than 50 years of experience practicing law, Bill Alexander brings decades of experience in estate planning, elder law, asset protection, Medicaid planning, VA benefits, trusts, retirement planning, and legacy planning to each episode. He is also a three-time recipient of the North Carolina Chapter of the National Academy of Elder Law Attorneys' Elder Law Attorney of the Year Award. Each episode of Asset Protection Today provides practical information and insights to help you make informed decisions about your family's financial future. Bill and his guests explore strategies for protecting assets, planning for long-term care, preserving wealth, minimizing financial risks, preparing for retirement, and creating an estate plan that protects your family and your legacy. Whether you're planning for your own future, helping aging parents, thinking about long-term care, or looking for ways to preserve your family's wealth for future generations, Asset Protection Today offers information designed to help you understand your options and plan with confidence. Learn more about Bill Alexander and W.G. Alexander & Associates, PLLC, explore estate planning and elder law resources, and find upcoming educational seminars at wgalaw.com

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