Introduction:
As individuals age, the need for comprehensive healthcare and long-term care services becomes increasingly important. For many seniors in the United States, Medicaid is a vital resource that provides financial assistance for medical expenses. However, navigating the complexities of Medicaid can be daunting, especially when it comes to ensuring eligibility while preserving one's assets. This is where Elder Law Medicaid planning steps in, offering individuals and families the opportunity to secure their future while accessing the necessary care. In...
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Tag Archives: "Probate Attorney Wisconsin"
13 Oct
Off
Promote Nursing Home Planning for Older Adults!
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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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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30 Aug
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Is Probate Necessary?
Many people have questions about the probate process. For example, is probate necessary, and if so, what is the process of probate? Do you need a probate attorney, and how long will the proceedings take?
Whether probate is necessary depends upon how an individual’s assets are held at his or her time of death. Certain types of assets are subject to probate, while other assets are exempt. During the probate process, a personal representative also known as the executor –...
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25 Jan
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The Importance of Having a Knowledgeable Probate Attorney to Assist with Estate Administration
A probate attorney can help the family members of the deceased person resolve any debts and distribute the assets.
The probate attorney, also known as the estate attorney, aids the estate executors to manage the probate process. It is important to have a probate attorney assist you with knowing your rights when it comes to creditors or any of the deceased’s final bills or expenses.
It is also important to have a probate attorney assist you
with saving on taxes. A...
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20 Jul
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What Does Probate Lawyers Do And Why Is It Important To Hire The One?
Did you lost your loved one recently, and now you have to deal with the probate process, however, have no clue about this process? No worries, it is a time to consider hiring a probate attorney. Well, it is a somewhat tricky and complex process, particularly because family conflicts and taxes come into this. But, fear not, it can be managed and made far simpler with adequate professional guidance. A probate attorney can help you go through all your...
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03 Jun
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When Do You Need A Probate Lawyer?
A probate attorney can help family members of a deceased person to settle the debts and distribute the assets.
What Is a Probate Lawyer?
Probate attorney, also called trust or estate attorney, helps executors of the estate in managing the probate process if there is no will.
Probate attorneys also help with estate planning; they give advice on powers of attorney, and also help in the drafting of wills or living trusts, or even serve as an executor or administrator.
Can The Assets Of A Deceased Person's...
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21 Dec
Off
5 Common Legal Issues That Caregivers Face
There are several reasons why adequate legal
planning is crucial, but one that I’ll focus on today is that too often,
seniors are victims of financial abuse. Unfortunately, people become more vulnerable
with age and many families fail to address the necessary preparations until it
is too late. This results in sticky legal situations for family caregivers.
Below are a few common legal troubles caregivers may face.
Issues with Power of Attorney
Designating someone to act as your surrogate decision maker through a Power of...
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20 Sep
Off
What are the Steps Involved with the Probate Process?
Probate is the process involved in passing a deceased person’s property to their heirs or beneficiaries named in the decedent’s will. The court process differs from state to state. Generally, the following steps are included:
Filing the will and petition with the probate court appointing an executor or personal representative.
You will need to find out everything the deceased owned so you can file an Inventory (list) with the court. Any bills or bequests should be paid from a...
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