Medicaid planning, a form of estate planning, helps disabled persons or senior aged persons as they pay for long-term care. Proper planning can help families and individuals save thousands of dollars and avoid serious mistakes. Read on to learn more about Medicaid planning and Elder Law. Medicaid Planning: Things to Know An extremely complex program,…Read More
Planning is essential in life and planning your estate now while you are able is necessary. Before you pass, you will want to ensure that your property is properly disposed of with some type of estate plan in place. Read on to learn more about the 5 reasons you should have a living trust. What…Read More
When the unexpected happens, the most important thing to do for our loved ones is to make sure they have all they need. While preparing for the unexpected is a task less desired by many, it is necessary. Read on to learn how planning your estate ensures that your loved ones are prepared if you…Read More
Elder law attorneys provide counsel for the unique issues of older clients and their loved ones. They advocate for the rights of seniors and help to navigate federal, state, and local laws. They must be informed about available assistance, both government and private, and knowledgeable of any laws that pertain to the civil rights and…Read More
A will or estate plan’s purpose is to avoid disagreements or confusion on how to distribute family assets. Unfortunately, bitter and long-lasting family feuds crop up when an estate is administered that is unclear or unfair. According to a study released earlier this year by LegalShield, 90% of Americans say that having a will is…Read More
Money troubles are typical among people who are beginning to experience cognitive declines. Studies show that many people start losing the ability to manage finances and make sound decisions as their memory, organizational skills and self-control falter long before they receive a dementia diagnosis. Unfortunately, banks are slow to introduce guidelines that protect the older…Read More
The decision to buy long-term care insurance vs. self-insuring is a common conundrum. If you can afford to self-insure based on your estate planning, then the choice boils down to whether you would like to retain the risk or share the risk with an insurance company. What is long-term care insurance? Long-term care insurance covers…Read More
Estate planning is a difficult topic for families. However, it’s an important conversation to have. The best approach is to try and understand what you can do to help your loved ones prepare their estate plan or help them better receive it. Below are a few tips to include in your plans. Have difficult conversations before a…Read More
The recent struggles with inflation began in 2021, on the heels of the Covid pandemic. While persistently high inflation is hardly cheerful news, a set of annual adjustments from the IRS that are tied to an inflation index could provide relief in one unexpected area — taxes. Last October, the IRS announced the adjustments for…Read More