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
What Documents Are In a Complete Estate Plan?
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?
Can Medicaid Take Your Home If You Need Nursing Home Care?
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?
Life Care Planning: Preparations for the Eventualities of Aging
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
These Estate Planning Myths Lead to Bad Decisions
Misinformation about some aspects of the estate planning process tend to circulate, and people that buy into these notions sometimes make costly mistakes. With this in mind, we will shed light on some of these myths in this blog post. You can plan your own estate effectively using a download that … [Read more...] about These Estate Planning Myths Lead to Bad Decisions
Don’t Make These Common Estate Planning Errors
When you hear about the mistakes that others have made, you get a heads up that will help you avoid the same errors. With this in mind, we are going to look at four common estate planning mistakes in this post. DIY Estate Planning You can buy downloads and worksheets from websites that sell legal … [Read more...] about Don’t Make These Common Estate Planning Errors
