You can ensure your loved ones are cared for after your death by creating an estate plan. It requires organization and strategy and begins with five key legal documents that can address many areas of estate planning concerns. Proper estate…
Special needs trusts (SNT), or supplemental needs trusts, are legal entities designed to assist people of any age with disabilities with maintaining government benefits and receiving additional financial assistance. Under the SSA expenditure rules, an SNT can provide additional monies…
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…
Adults with developmental disabilities who are unable to make important decisions or care for themselves in adulthood are usually placed in the care of a guardian or conservator. Establishing a legal guardian is the job of the court, which appoints…
In estate planning, there are two kinds of trusts: irrevocable and revocable. Each has benefits and drawbacks depending on your goals. However, both trusts are legal arrangements to manage and distribute your property during your lifetime or afterward. The creator…
There can be a lot of difficulties involved in a divorce. The experience is emotional and stressful. There are many factors to consider that may also change over time. For younger couples, children are likely a top concern. For older…
There is nothing more American than owning a home. Homeownership is a valuable and significant possession that most people work hard for all their lives. So when health begins to fail and the need for long-term care arises, we often…
It’s uncomfortable to think about death, especially your own. Add to that the issue of what will happen to our assets after our deaths and it’s little wonder why so few people have created wills and other estate planning documents.…
This year, more than seventy million people who depend on Social Security benefits will experience critical changes. Inflation continues to increase daily living costs with higher costs for gasoline, food, utility, rent, and mortgages. Yet real wages have been stagnant…
Wills and trusts are usually associated with estate planning and passing assets to future generations. However, there is another part of estate planning that doesn’t get as much attention. It concerns advance health care planning. Have you thought about what…