Category archives: Asset Protection
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1 year ago
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It's almost officially fall, kids are back in school, and it's a great time to focus on the basics of Estate Planning.
Estate Planning is a process through which you plan for your lifetime care decisions, in the event that you become mentally or physically incapacitated; and planning for the tran... [read more]
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1 year ago
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When individuals cannot manage their finances, courts can appoint guardians. Financial guardianship is for those who need help handling money.
Depending on the jurisdiction, financial guardianship may also be called guardianship of the estate or conservatorship.
In cases where individuals need... [read more]
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1 year ago
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As this very hot and stormy summer is moving along, many of us are enjoying the typical rituals of celebrating holidays, going on vacations to the beach or mountains, and attending weddings and other celebrations with our family and friends. Some of us are seeing the young adults in our lives gettin... [read more]
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1 year ago
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Most older adults want to remain in their homes and communities as they age rather than move into assisted living facilities or nursing homes.
For those who wish to maintain their independence and continue living at home as they grow older, taking certain steps to protect their physical, ment... [read more]
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2 years ago
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As we start seeing signs of spring in March, we are all reminded that just like the seasons change in nature, one thing that we can all count on in our lives is that changes are inevitable.
We've all experienced much change the last few years, and the need to be prepared for the unexpected has be... [read more]
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2 years ago
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One of the top reasons many of our clients give us for creating, or updating, their Estate Plans is to have peace of mind for themselves, their families, and loved ones.
By addressing practical concerns, such as protecting their families in the case of an emergency or death, and being proactive a... [read more]
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2 years ago
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October is a wonderful month that kicks off the holiday season for many of us.
During this time when tricks and treats are on our minds with fun traditions, the biggest treat you can give yourself and your loved ones is peace of mind through essential Estate Planning.
Unfortunately, ther... [read more]
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2 years ago
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While Medicaid helps pay for nursing home care, being admitted to a nursing home as a Medicaid recipient is not always easy. There are several ways to navigate the process, depending on your situation.
With the median cost of a nursing home room being more than $250 a day, most families need ... [read more]
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2 years ago
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Summer is definitely here, and with the celebration of the Fourth of July this month we were reminded of how very fortunate we are as Americans to enjoy the freedoms our great Nation provides us. It's so great each year to take the time to acknowledge and celebrate how blessed we truly are.
While... [read more]
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2 years ago
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Did you know you could be responsible for your parents' unpaid bills? More than half of all states currently have laws making adult children financially responsible for their parents, including their long-term care costs. However, these laws are rarely enforced.
Filial responsibility laws obligat... [read more]
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3 years ago
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If you apply for long-term care assistance through Medicaid and your application is denied, the situation may seem hopeless. The good news is that you can appeal the decision.
Medicaid is a program for low-income individuals, so it has strict income and asset eligibility requirements. Qualify... [read more]
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3 years ago
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When a married couple applies for Medicaid, the Medicaid agency must analyze the couple’s income and assets as of a particular date to determine eligibility. The date that the agency chooses for this analysis is called the “snapshot” date and it can have a major impact on a couple’s financial future... [read more]
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