If you are the owner of a small business, you may start out as a sole proprietor while you are trying to find your footing. It takes a lot of focus and hard work to get a new business off the ground, so you may not think about some of the finer details. This is understandable, but at some point, … [Read more...] about Asset Protection Is a Must for Small Business Owners
When you are looking ahead toward your retirement years, you may be omitting a very big expense from your projected budget. According to the United States Department of Health and Human Services, 35 percent of seniors will eventually reside in nursing homes. Genworth Financial tells us that the … [Read more...] about These Unexpected Expenses Can Destroy Your Legacy
A lot of people assume you should use a will as your asset transfer method when you are devising your estate plan. In fact, there are some good reasons to use a trust instead, and we will look at three of them here. Nursing Home Asset Protection A significant percentage of seniors require nursing … [Read more...] about Three Reasons to Use a Trust Instead of a Will
A lot of people equate estate planning to the simple act of creating a will. They think that there is nothing else to do, but in fact, this is a misguided notion on multiple levels. Asset Transfer Vehicles The first thing that you should understand is the simple fact that a will is not always the … [Read more...] about What Documents Are In a Complete Estate Plan?
You may hear people make claims about certain estate planning and elder law details that are based on some correct but incomplete information. This can lead to misconceptions that can yield negative consequences, and we will look at one of them in this post. Medicaid Estate Recovery Medicare does … [Read more...] about Can Medicaid Take Your Home If You Need Nursing Home Care?
If you turn back the clock by 20 years, at that time, you would probably find it impossible to truly understand how you feel right now. The inability to fully grasp things that you have not yet experienced is part of the human condition. This makes for an interesting adventure in a way, but at … [Read more...] about Life Care Planning: Preparations for the Eventualities of Aging