Until you learn about an inconvenient truth, you may not understand why a lot of senior citizens seek Medicaid eligibility, even though they were on Medicare. It involves the matter of long-term care and the costs that go along with it. You may be surprised to hear that 35 percent of elders will … [Read more...] about 2022 Medicaid Spousal Allowance Updates
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Legacy Planning: What Is It and What You Need to Know
Legacy planning is a more complete type of estate planning. When you consciously craft your legacy, you can take steps to have an impact after you are gone on multiple levels. Let’s look at the details. Legacy Wealth Planning If you have a significant store of wealth you will be passing along to … [Read more...] about Legacy Planning: What Is It and What You Need to Know
Business Succession Planning is Simpler Than Expected
Succession planning for businesses doesn't have to be a mystery. American Academy of Estate Planning Attorneys' Education Director Steve Hartnett touches on the topic of succession planning for businesses in the content below, but our estate planning attorney, Hunter Montgomery, is happy to help … [Read more...] about Business Succession Planning is Simpler Than Expected
Is Every Inheritance Subject to Probate?
There is a legal process that enters the picture when you record your final wishes in a simple will. You name an executor to act as the administrator, and the will is admitted to probate after your passing. The probate court will supervise while the estate is being administered. Final debts are … [Read more...] about Is Every Inheritance Subject to Probate?
Estate Tax Exclusion Will Rise Significantly in 2023
Estate tax exclusion may seem like a complicated term, but we break it all down for you in this post. If you have questions about the estate tax exclusion, you can feel free to reach out to our caring team at Montgomery Law Firm, LLC to learn more and see how we can tailor a plan for your specific … [Read more...] about Estate Tax Exclusion Will Rise Significantly in 2023
Small Business Owners Must Prioritize Asset Protection
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 Small Business Owners Must Prioritize Asset Protection
