TEST

Should you give away assets to qualify for Medicaid?

You want to qualify for Medicaid, but your assets go above the predetermined thresholds. What now? One option is to spend-down your estate. You need to eliminate some of the assets you control to get below the threshold. There are numerous ways to do this, but many people simply gift them to family members or ...
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June 30th, 2018|

Are You Prepared for the Cost of Long Term Care?

Are you unsure exactly how much long-term care planning you need to do? Maybe you think it's not that expensive or that you'll easily just pay for it out of pocket. Some people can, but financial experts warn that those people tend to be millionaires. After all, the medical cost for a private room in ...
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June 18th, 2018|

Can a Trust Keep Assets Away From Creditors?

If you've accumulated considerable assets, you want to do everything legally possible to protect those assets from lawsuits, taxes and creditors both while you're still around and after you are gone. There are a variety of ways to protect your home and other assets, including: Liability insurance Declaration of Homestead Dividing your assets with your ...
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June 18th, 2018|

Customize Your Estate Plan With These Essential Documents

Estate planning and probate issues are often misunderstood. For example, many people believe that estate planning is important only for extremely wealthy people, but that isn't true. You can benefit by taking steps now to plan for retirement, pass property down to heirs and ensure that safeguards are in place to prevent confusion and family ...
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June 18th, 2018|

How Does Life Expectancy in America Compare to Other Countries?

One thing you want to think about when doing long-term care planning is your life expectancy. Of course, things like accidents and disease can cause anyone to pass away well before this age, but it still gives you a reasonable figure when planning financially for a realistic future. In the United States, the life expectancy ...
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June 6th, 2018|

Don’t Make These 5 Estate Planning Mistakes

Estate planning is critical, and it's far more than just making a will. You also need to think about things like long-term care planning, Medicare, Medicaid, Social Security and much more. The financial impact of even one small mistake can be huge. With that in mind, here are five mistakes you should try hard to ...
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June 4th, 2018|