Preparing for the future sometimes requires facing harsh realities. An important component of estate planning involves naming someone you trust as a power of attorney. What is a power of attorney? The POA document allows you, the principal, to authorize another to...
The cost of long-term care can take away a lifetime’s worth of work and saving. Don’t make mistakes that can cost you everything. Start by understanding the basics and the strategic alternatives open to you. Paying for Long-Term Care: There are only three ways to pay...
Getting your affairs to ensure your family is ready when you die may feel morbid, but it is a necessary and responsible process. Trying to keep as much of your estate out of probate may prove invaluable to your family inheriting quicker. Probate court ensures that...
Long-term nursing care is surprisingly expensive. Medicaid for long-term care is a state and federal program that will pay for long-term in-home care or nursing home care for those who qualify. In addition to the requirement of being a U.S. citizen and resident of...
Estate planning means making arrangements in the case anything bad happens to you. You get to say who will help you during your lifetime if needed, how the assets of your estate will be distributed after you are gone, and who will be in charge then. The simple option...
As a parent, you want what is best for your kids. While you can provide a healthy diet, high-quality education and comfortable living space now, a sudden illness or serious injury may take you away from your children's lives forever. Estate planning is something that...
There are legal ways to protect your assets and still enable you to qualify for Medicaid if needed. One recommendation is MAPT, or Medicaid Asset Protection Trust. If you are new to MAPT you may wonder what is this and how does it benefit both you and your children? A...
The new administration has announced ambitious plans involving spending for infrastructure and other projects, and also new taxes to pay for these plans. The plans are contained in three proposed legislative packages: The American Families Plan, The American Rescue...
A trust can be a valuable estate planning tool for passing down your wealth to loved ones. However, many people do not understand what trusts are and what they do. Because of that, they may not take full advantage of their options. Regardless of how much money you...
Trusts are useful estate planning tools. Trusts serve a very broad range of uses and applications. What is trust? A trust is a three-way transaction, when the trust creator, also called a grantor or settlor, assigns money or property to be held by someone else they...
