Concerns about the skyrocketing costs of nursing home care are supported. Some reports indicate nursing home care in Wisconsin costs has risen above the national average. For quality care, many cost $12,000 per month or more. Medicaid may foot the bill, but without proper planning, an individual is typically required to spend his or her life savings before Medicaid steps in.
There are several ways you and your parents can protect their assets and protect them from losing their life...
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Tag Archives: "Estate Planning"
13 Oct
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Why Your Estate Plan Should Include More than a Will
A Last Will and Testament is a critical legal document that allows you to accomplish a number of important goals. You can name your beneficiaries and specify the assets you want them to receive, name a guardian for your minor children, and choose the person you want to settle your estate (known as the Executor).In short, a Will helps ensure your wishes are carried out after you pass away. However, in the event you become incapacitated in your lifetime...
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01 Sep
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Why Is a Power of Attorney So Important?
A power of attorney is a legal document that names an agent to make financial or medical decisions. This form is used when the individual known as the “principal” is unable to make decisions for one reason or another, or, cannot be present to sign legal documents during financial transactions.
Everyone should have designated an agent for medical and financial decisions. If you haven’t named an agent, it’s time to draft the documents with an elder law attorney experienced in...
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05 Jan
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How can you precede an estate plan with the help of the real estate attorney?
What can a real estate attorney do for you?
The series of tasks that a real estate lawyer would perform varies depending on the situation and the agreement between the attorney and the client. Some real estate clients have a small budget and want a lawyer to provide a quite simple and fast read of the documents to make sure that there is nothing outrageous in the documents. Any real estate attorney can further deliver the following services for clients:
Drafting...
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16 Apr
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How Can Estate Planning Attorney Help You During The Novel COVID-19 Pandemic?
The whole world today is suffering from the fearful pandemic' 2019 Novel Coronavirus,' and many have thoughts in their minds that there is no guarantee they will stay alive. Due to the terrifying situation, some people have no food to eat, some have no money to pay the house rents, and some have no hopes left to recover from the infection. In this state, it is the right time to plan the Will and Estate planning online to keep...
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14 Jun
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Estate Planning Documents: How Important Are They?
Estate planning documents are the only way to guarantee that your estate is managed according to your desires. This includes the time from when you may lose your mental abilities, to after your demise when your estate transfers to the individuals you have designated as beneficiaries.
Being an experienced Elder Law Attorney in Wisconsin, I’m often asked about how much harm outdated estate planning documents can be. And my answer to all of them is the same: a lot. The...
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28 May
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What happens to your Assets if you die without a will?
You work hard your whole life saving and investing to have a great retirement. If you were not able to spend all your money before your death, you want to make sure those hard-earned assets are passed to intended family members and/or friends. Without a Will, your assets could be left to your State of domicile.
When a person dies without a Will attorney it is called intestate. Your property will pass through the probate process and the courts will...
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29 Jan
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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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24 Jan
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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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26 Dec
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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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