In the United States, Medicaid assists low-income seniors with limited income and assets to pay for healthcare. Many seniors believe that the only way to qualify is to "spend down" their assets. While this is true in some cases, proactive…
Tax law changes are poised to have a significant impact on some of the more commonwealth transfer strategies for estates. While new details emerge on changes being made, it is critical to understand how these possible tax changes may affect…
In the event of a spouse's death, the widow(er) is presented with a complex financial situation with a lot of questions. In many cases, it is one spouse who handles family tax and estate plans, so the widow(er) may be…
It is critical to store your will, living wills, powers of attorney, trusts, medical directives, financial information, and any other estate planning documents securely. It also needs to be stored somewhere your survivors can easily access. Other information that should…
Discussing your mortality openly and honestly with family can be sobering, but sensible. No one enjoys thinking of death, and yet with forethought, you can ensure that your estate plan and your healthcare arrangements best reflect your wishes. It is…
It is expensive to age well and securely in America. The financial burden falls on millions of the elderly and their families. Long-term care facilities and retirement communities cost staggering amounts of money, as do the high costs of premiums…
A 2021 Wills and Estate Planning Study of 2,400 Americans by Caring.com with YouGov finds that since 2019 there has been a drop in the rate of Americans over fifty-five who have created a will from sixty percent to forty-four…
You might want to rethink your understanding of Medicaid planning for long-term care coverage if you thought it only included meeting strict income and asset limits. You will also need to demonstrate you need the level of care typically provided…
Using legal techniques to avoid probate can save your estate tax dollars, keep your affairs private, and eliminate the need for court approvals at every step. It can save you time, frustration, and in many cases, significant attorney and court…
In the holiday season, third-party scammers look for opportunities to exploit the good intentions of those wanting to help those less fortunate with charitable donations. Auto call lists that easily identify older victims and the ubiquitous online world of emails,…