A Guide for Understanding Trusts
A client asked us this interesting question: After my brother died, he left money in a revocable trust for my children – but they could only get that money if they spent it on a trip to Tanzania to visit…
“Blue Water” Navy Veterans Deserve VA Disability Benefits
The United States and the Republic of Vietnam employed defoliants for strategic purposes to decrease cover for enemy forces during the Vietnam War (1962-1975). Agent Orange is the most infamous of the tactical herbicides whose names became shortened to the…
How Emotional Support Animals Are Helping Seniors
There has been a steady rise in the number of people using emotional support animals. So, what is an emotional support animal? An emotional support animal is a companion animal that provides benefits to a person who has an emotional…
How Do I Know if I Need a Trust?
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…
The Benefits of Tech Apps to the Senior Population
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…
It Is Critical to Keep Your Powers of Attorney Current
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…
How an Inheritance Can Affect Medicaid Benefits
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 Is Important to Prepare Your Children for an Inheritance
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…
It Is Not a Good Idea to Add Your Child’s Name to Your Bank Account, and This Is Why
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…
Consider These Options for Financing Assisted Living
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…