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2018 Long-Term Care Reference Guide
posted by: in Trusts
  Long-term care (LTC) planning is a significant concern for many people across a broad range of demographics. The personal nature of health care, the inability to  predict how much care will be needed in the future or  how the care will be delivered, and longer life  expectancies can make for a challenging and sometimes uncomfortable planning topic. Furthermore, costs for custodial care are not covered by Medicare or traditional health care insurance. As such, early planning and an effort to coordinate the issue with other important financial planning areas is vital. In an effort to simplify some of the...

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Potential Advantages and Disadvantages of Guardianship Proceedings
Potential Advantages and Disadvantages of Guardianship Proceedings
Guardianship is essential for adults who are unable to make decisions on their own behalf and do not have Powers of Attorney to avoid guardianship, and for some minors. Individuals under guardianship are called “wards”. The court will name a guardian for making decisions on the behalf of a ward and/or managing the finances of the ward. For children, a guardian is generally, but not always, a parent. For adults, a guardian might be a parent, spouse, child, friend...

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Irrevocable Trust in Medicaid Planning
The Importance of Using an Irrevocable Trust in Medicaid Planning
People often wonder about the importance of utilizing an Irrevocable Trust in Medicaid Planning. Undoubtedly, the gifting of assets can be done outright. So, why confuse things with a trust? The answer is that the gift transaction costs are only a portion of what needs to be considered. Many significant advantages that can result from gifting in trust are forfeited by the outright gifting. These advantages show the importance in utilizing Irrevocable Trusts in Medicaid and asset protection planning. The...

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Consult An Attorney If You Want to Modify Your Will
Consult An Attorney If You Want to Modify Your Will
An attorney can help you to make a legally binding Will so you have control over who receives your assets when you pass away. Life happens and in some situations, you may wish to change beneficiaries, distribution amounts, or more. You are able to create as many Wills as you choose, but only the most recent Will prior to your death is valid.  One must make sure they have identified the person whom you want to control the distribution...

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The-Importance-Of-An-Attorney-To-Protect-Your-Assets
The Importance of an Attorney to Protect Your Assets
Asset protection is a strategy to keep your property safe from being taken by someone who it was not intended for to receive the assets. In order to successfully protect your assets, asset protection planning is essential even before a lawsuit initiates. A comprehensive asset protection plan integrates the goals of protecting both your short-term and long-term financial goals plus your estate planning goals. Actually, asset protection plans are a helpful forerunner for making a comprehensive estate plan. With my...

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Talk With An Attorney To Know About Nursing Home Abuse
Talk With An Attorney To Know About Nursing Home Abuse
Elder abuse has now become a major problem and a substantial number of elderly individuals become victim to abuse every year. Many cases of abuse go unreported and it becomes difficult to know exactly how widespread the issue of elder abuse is today. Searching for the right nursing home doesn’t guarantee that the abuse and neglect will never happen. Still, if you do proper research in advance of the time when you require care, you must look for the one...

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Periodic Estate Plan Review Strategies
Periodic Estate Plan Review Strategies
Estate planning is something that encompasses many things. Certain aspects that your estate plan may possibly cover comprise of transferring your assets after you pass away, making plans for end-of-life care or naming of guardians for minor children. Your estate plan should change right along with your life experiences.  Planning annual reviews of your estate documents is the best method to certify that it still meets your goals. Review Your Beneficiaries You may want to designate a particular asset(s) in your estate...

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Financial-Advisor-Services
Situations in Which You Need to Seek Financial Advisor Services
There are certain moments in life when you need to make decisions that can have a huge impact on your finances. While some of us are better than others when it comes to managing our money, everyone at some time needs financial advice from a trusted professional.  I can help you make a proper decision depending on your financial goals and circumstances. There are many situations in which you need to seek Financial Advice; a few of them are as...

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Preserve-your-wealth-estate-planning-services
Preserve Your Wealth with Estate Planning Services
Estate planning is one of the most important legal services and is a fundamental tool that ensures your entire family will be well taken care of after your passing. People assume that estate planning is meant only for the wealthy.  In reality, it is the concern of everyone. We all want our finances to remain in order and proper care given to our loved ones.  Together, you and I can develop a valuable estate plan to assure your goals are...

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