While doing research about long-term care planning, you've probably come upon a few sources that don't paint a very pleasant picture. Resource and article titles like "How to stay sane while caring for loved ones" to "Caring for aging parents: What not to do" probably...
Month: November 2015
Law changes and when to update your estate plan
You may feel a weight lifted off your shoulders after creating your estate plan. However, your estate plan is not just a one-time thing you complete. You need to review your estate plan and update it accordingly to make sure everything is up-to-date and accurate as...
Don’t be misinformed on Medicaid
It is a common misconception that in order to receive Medicaid benefits, an individual must be poor. This simply is not true. In fact, with proper planning many people can receive Medicaid benefits while protecting their assets and property from the threat of spend...
Start the clock on your gift tax statute of limitations
If you are considering giving gifts as a part of your estate plan, you may be concerned with how taxes may impact your plans. While estate planning can be complex, gift giving is commonly used as a way for individuals to protect their estate and bestow loved ones...
What is a spendthrift provision?
Financial struggle knows no prejudice. Hard times can hit anyone regardless of their job, education or family status. Even individuals that are the beneficiaries of trusts can go through a period of financial hardship. People in this situation may wonder what claim a...
Power of attorney versus guardianship
There are many different situations in which a person may need additional help making decisions or caring for themselves. Whether an individual is assigned as a power of attorney or guardian, their duties are relatively similar but the reasons for doing them are very...
