This article will help you decide if a trust fits your particular circumstances. For example, maybe you have a disabled child and you want a trust to permit that child to inherit without losing government benefits. Maybe your own or…
Changes in technology are occurring continuously and it may seem hard to keep up. For many seniors, these changes can be so daunting that they tend to avoid technology altogether. While seniors have increasingly embraced technology in recent years, data…
My uncle got critically ill and ended up in the hospital. He asked me to take care of his bills while he is incapacitated. Back in 2002, he named me as his financial power of attorney, so I could write…
Envision your spouse having Parkinson’s disease and lives in a nursing home. Your spouse is currently receiving Medicaid benefits to pay for the high cost of that care. If you were to pass before your spouse, you wouldn’t want your…
It may be awkward to discuss your wealth with your children. Talking about how much money or property you have is usually viewed as taboo. Asking someone else about what they have is often considered impolite. But failing to talk…
Adding a child’s name to a bank account may seem practical at the time, so they may pay bills when you are ill or away, but it could turn into a hassle later on. Doing so may have unintended consequences…
Costs for assisted living can range from $2,000 to $5,000 monthly. Depending on what type of care your loved one needs, assisted living can be the most affordable solution when compared to a nursing home ($5,000 to $10,000 or more…
When diagnosed with dementia, the future may seem uncertain, and preparing for the future can no longer be avoided. If you or someone you love has received a dementia diagnosis, begin immediately to discuss and seek guidance for future care.…
Protection of your children’s and grandchildren’s inheritance from creditors can be accomplished through estate planning. A simple way to achieve inheritance protection is through a trust. A trust can pass your wealth bypassing probate. This allows specific trust provisions to…
Long-term care is comprised of a variety of services that meet medical and non-medical requirements for people who cannot care for themselves for long periods. It is a highly individualized care system that can be formally or informally provided. Formal…