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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Category Archives: "Financial Planning"
27 Apr
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Situations in Which Your Assets Might Be At Risk
Not all are conscious of the need to have an estate plan in place. The Estate Plan can include a Will or a trust but goes beyond in making sure your assets are managed if you are disabled. It can decrease the taxes, fees, or court costs your heirs may incur after your death. Failure to plan for the management and dispersement of your estate during disability and after death can be very expensive and cumbersome and this is...
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23 Apr
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What Type of Advantages Can You Have By Working with a Financial Advisor?
Have you ever met a financial advisor that can aid with the management of your money? If not, then you are not alone. According to a recent survey, approximately only 28% of people meet with a financial planner. For most people, meeting with a financial advisor can improve your understanding regarding management of money, futuristic financial planning and avoid making uneducated decisions.
Every person from low-wage earners to upper-income salary professionals can take benefit from the counsel and advice provided...
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02 Jan
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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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15 Dec
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Why and how to organize your financial and legal affairs
Why Organize Your Affairs
It’s not easy to think about what might happen if you become unable to handle your own affairs. But illness and infirmity are as unpredictable as they are inevitable. It’s impossible to know when they will strike you or what form they may take.
Acknowledging your mortality is even more difficult. Even those you might reasonably expect to know better are not exempt from the tendency to avoid end-of-life decisions.
May people have inventories in their heads about...
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14 Nov
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Start Financial Planning as Soon as Possible
People often think that financial planning is something one should start to look at when nearing retirement. However, it's a fact that the younger you start planning the more successful you are likely to be.
Early planning helps people examine their financial health, spending habits, and consider topics such as budgeting, saving, taxes, family planning, purchasing a home, children's education, and retirement.
Elder Law Center of Wisconsin, LLC is the place to start planning for your future.
When Should You Think About...
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