Posts Tagged ‘aepa’
People assume that an estate plan is only a will or a trust but even 18 year olds need estate planning.
Written by Thompson Von Tungeln | You are probably thinking to yourself “Why in the world would my 18-year-old need an estate plan?” Many people assume that an estate plan is only a will or a trust. However, in many states, that couldn’t be further from the truth. Let’s paint the picture: Tears are falling…
Read MoreThe 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…
Read MoreAvoid 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…
Read MoreMedicaid’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…
Read More