You may be wondering how estate planning differs from elder law as you begin planning for your future financial affairs and health care needs. Estate planning and elder law also have some similarities. Even though these two types…
In spite of the fact that over 50 percent of Americans find estate planning important, only about 33 percent have a will. caring.com Those individuals with a will may have moved to a different state or forgot to…
As your parent’s age, it is important to talk with them about their finances. To broach the topic, you might bring up current events like the coronavirus pandemic, its effect on economic conditions, and how it relates to…
In estate planning, there are two kinds of trusts: irrevocable and revocable. Each has benefits and drawbacks depending on your goals. However, both trusts are legal arrangements to manage and distribute your property during your lifetime or afterward.…
Medicaid is a federal program that provides financial assistance to individuals who meet the minimum income and asset requirements for nursing home care, assisted living, in-home care, and adult foster care. As a result of these rules, many…
Estate administration refers to the process of managing and dispersing an individual’s assets after he or she dies in the United States. This process typically includes identifying and inventorying the decedent’s assets, paying debts and taxes, and distributing…
Thinking about death, especially your own death, can be uncomfortable. Add to that the issue of what will happen to our assets after our deaths and it’s little wonder why so few people have created wills and other…
When you become seriously ill or injured, nursing home care can cost an astronomical amount. You might also know that Medicare would cover only a minimal amount of those costs. Private insurance doesn’t seem like a good bet…
A living will is also called an advance health care directive. It specifies what decisions you want medical professionals to make if you are incapable of making them due to accidents or illness. A living will is crucial…
American inflation will continue through 2023 and beyond without any significant course corrections. It is likely that the forty-year inflation high Americans have been experiencing will last well into 2023 and beyond unless there is a significant course…