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
Just as our parents have cared for us while we grow older, we care for them as they grow older. For adults under the age of 65 with a physical or mental disability, or with a chronic or acquired illness, a Special Needs Trust may be an effective estate planning tool. Read on to learn…Read More
After passing away, your assets are taxed before they are inherited. This is because the federal government imposes what is called a federal estate tax. Most states levy an estate tax ranging from 18 percent to 40 percent and will only apply to assets that are over a certain amount. Read on to learn more…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
Most people do not realize that you need an estate plan regardless of how much money you have in the bank. Estate plans and wills ensure that your assets will go to the intended heirs and not the government. Any unclaimed estates become the property of the government after a specified amount of time. A…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
If you’ve recently inherited an individual retirement account (IRA), you you will discover some tricky rules for those IRAs. One wrong decision can even lead to a greater tax liability for you and your family. An inherited IRA is defined as an individual retirement account opened when you inherit a tax-advantaged retirement plan like an IRA or a…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
