Guardianships are a legal way for people to protect someone in a vulnerable position. Mental health issues, cognitive decline due to age and severe physical illness could all potentially lead to either loved ones or unrelated professionals filing paperwork for an...
Month: January 2022
Can you afford to live in a nursing home?
You could spend decades saving for retirement and still fall short of your financial needs when you eventually stop working. No one knows how long they will live nor how the economy will change after they retire. The best anyone can do is estimate what they think...
When do revocable and irrevocable trusts actually end?
Creating a trust allows you to plan for the long-term future or your needs as you get older. A trust can also allow your instructions to continue affecting your property long after your death. There are many different kinds of trusts, but one of the most basic...
Your personal debts will have a major impact on your legacy
There are many rules that apply to your financial obligations both during your life and after your death. You may think that your personal debts will cease to matter when you die, but they can have an impact that persists long afterward. Even if you have no co-signers...
Which kind of trust is best for Medicaid planning?
There are several kinds of trusts that you may have an opportunity to open while trying to plan for Medicaid in the future. You want to protect your assets, so it makes sense to opt for a trust that will allow you to keep your assets safe while still helping you...