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...
Year: 2021
Are you eligible for Medicaid benefits?
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...
Revocable living trusts update
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...
What parents should know about estate planning
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...
What is MAPT and how does it benefit both you and your children?
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...
How president Biden’s proposed plans will affect seniors
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...
3 benefits of using a trust to pass down wealth
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...
Do you have a Revocable Living Trust? Are you a Trustee or beneficiary of a trust?
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...
I am still young, so why would I need a will?
You may think you are too young for a will, but no one knows what may happen from one day to the next. A devastating accident or illness could occur at any time, and this is where a will comes in. Even if you do not have much (or any) wealth to distribute, you need...
Three reasons to think about Medicaid before you need it
If you have several years to go before retirement, Medicaid might be the furthest thing from your mind. In fact, early Medicaid planning can give you more control over the process if you do eventually need long-term care. Review these reasons to think about Medicaid...