If you are looking into setting up long-term care plans, then you need to consider how you’ll access Medicaid. One of the issues that some people run into is having too many assets to qualify for this support, which can mean that they have to spend much of their...
If you’re starting to work on a new estate plan, now is a great time to think about your top estate planning must-haves. Three of those should include your basic will and trust, powers of attorney and a letter of intent. Why do you want to include those items? They...
Estate plans allow adults to protect themselves and others by planning ahead for their future deaths and possible future medical issues. Those creating estate plans often want to pass as much as possible to their closest family members. Parents frequently decide to...
Paying for nursing home care in New York is not cheap. It will cost thousands of dollars a month even for a shared room. While you may have set aside money for years for your retirement, those funds could fall far short of what you need for financial security if you...
When you're considering estate planning, it's best to start by thinking about what you want to accomplish and what you need to do to get there. You focus on the positive steps that you need to take and the things that you're supposed to do. But it's also important to...
While many people consider the development of an estate plan a one-time activity, financial experts agree that individuals should review and revise their documents on a regular basis. Additionally, people will likely need to make alterations based on significant life...
Finding out from your doctor that you have Alzheimer's disease or another form of dementia is never happy news. You may naturally feel scared and uncertain about the future, both for yourself and your loved ones. You may not be able to control everything that will...
Creating an estate plan is a way to pass on your legacy. When you create a trust, it can be another way to transfer your assets to your loved ones. There are many types of trusts. While some transfer your assets after you pass away, others shelter your assets while...
Since you’re married, one thing you’ve considered is having an estate plan with your spouse. Is that possible, though? If you do choose this route, is it really what’s best for you? Interestingly, it is possible to share an estate plan with your spouse. This is...
Many older adults find that they need Medicaid to cover their care costs as they age. If someone requires a multiple-month stay in a rehabilitation facility or needs to move into a nursing home, they may find that their Medicare coverage isn't enough. Qualifying for...
