The More You Know...
The ins and outs of Guardianship when an adult becomes incapable of making decision
The Ins and Outs of Guardianship The in’s and out’s of guardianship is what we will be discussing. Every adult is assumed to be capable of making his or her own decisions unless a court determines otherwise. If an adult becomes incapable of making responsible decisions, the court will appoint a substitute decision maker, usually…
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Avoid confusion about health documents in estate planning
The advance directive may give the agent the power to make end-of-life decisions, or explicitly require the removal of life-prolonging devices. Advance directives commonly require two doctors to determine that the patient has a terminal condition, that death is imminent and that machines are only artificially prolonging the dying process. The document also usually…
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Spring Cleaning: Time to review your Estate Plan
Spring Cleaning: Time to Review Your Estate Plan Adapted by Jennifer B. Cona Written April 6, 2022 Spring is a great time to review your estate plan. Here is a checklist to help you review your estate planning documents. Check the Last Time You Updated Your Estate Plan An estate plan should be periodically reviewed…
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Trust 101
We had a very informational seminar last night and I wanted to share it with you. https://fb.watch/cHExaWIBUS/
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Digital estate planning – don’t let your passwords die with you
Adapted from the article by Susan Bonnici Apr 23, 2022 It’s a sign of the times! When planning your Will, don’t forget your digital assets, writes Susan Bonnici, Estate Planning Solicitor at Equity Trustees. You might not have a TikTok account, but most of us have accumulated a huge amount of digital information that’s stored either on…
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Why Business Owners Need Estate Planning
By Jennifer Solak Updated Mar 30, 2022 Business owners wear many hats, and because of that, it’s easy to put estate planning behind other pressing business matters. In reality, however, considering what would happen to your business if you became incapacitated or pass away is a pressing responsibility for any business owner. It is likely…
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Does Executor have to Be a Family Member?
What happens if you don’t have any family to be personal representative? Other than a family member, who can be personal representative?
Read More...Medicaid’s “Snapshot” Date and Its Crucial Impact on a Couple’s Financial Picture
When a married couple applies for Medicaid, the Medicaid agency must analyze the couple’s income and assets as of a particular date to determine eligibility. The date that the agency chooses for this analysis is called the “snapshot” date and it can have a major impact on a couple’s financial future. To be eligible for…
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Legal-Ease: Nursing Home Planning: Beyond Just Giving the House to the Kids
By Lee R. Schroeder Often, people’s most valuable asset is their home. Many people mark the day that they pay off their home mortgage with a celebration similar to that of an anniversary or birthday. Therefore, protecting the home in the event of eventually needing long-term care (i.e. nursing home, assisted living or in-home care)…
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Do I Make To Much Money for Medicaid? Asks a single retiree of 70
You should start by talking to an estate planning attorney who can look at your assets and income and see what impact they will have on Medicaid eligibility.
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