Plan Ahead Before Seeking Nursing Home Care: Avoid Unnecessary Debt for You and Your Family
Unfortunately, neither health insurance nor Medicare covers long-term care. Medicaid could become your only option, so do what you can to plan ahead.
Selling Your Life Insurance Policy to Help Cover Expenses
The National Council on Aging reports that more than 16.5 million adults 65 and older experience economic insecurity. Rising housing and health care bills can also burden seniors on fixed, limited incomes.
Medicaid Estate Recovery and Medicaid Payback Rules
Under Medicaid law, following the death of the Medicaid recipient a state must attempt to recover from his or her estate whatever benefits it paid for the recipient's care.
When Does Someone Need Financial Guardianship?
When individuals cannot manage their finances, courts can appoint guardians. Financial guardianship is for those who need help handling money.
An Overview of Grantor-Retained Income Trusts
In estate planning and wealth transfer, people sometimes seek strategies that preserve their assets as well as provide them with financial benefits for life. One such strategy is the grantor-retained income trust (GRIT). GRITs offer a unique opportunity for individuals…
Ensure That Your Estate Plan Is Handled by a Team of Professionals
Your estate plan should be created with the help of a professional team to provide you with the best advice and legal documentation to ensure your legacy is protected for future generations. Aside from an estate planning attorney, who often…
It Is Important to Have a Plan for Your Assets and Property Estate While Unmarried
The number of Americans who are widowed or divorced has reached record levels, causing new partnerships to form among older Americans. The US Census Bureau reports that more than half of all older adults have only married once, opting to stay legally…
What You Need to Know About Gun Trusts
An individual can own firearms in a unique way through a gun trust, which enables them to share access to firearms with others while still complying with the law. This approach is beneficial for those who own restricted firearms or…
Giving Your Pet a Good Life With a Pet Trust
Those who have pets understand how much joy and comfort they provide. Since you love them, you give them the best life you can. But what if you were suddenly unable to care for them? Who would care for your…
An Overview of the Benefits of Long-Term Care Insurance 2.0: The Hybrid Policy
There are astronomical costs associated with nursing home care if you become seriously ill or injured. You might also know that Medicare would cover only a minimal amount of those costs. Private insurance doesn’t seem like a good bet if…