While many people think of distributing assets such as real estate, bank accounts, and vehicles when planning their estates, it’s important not to overlook assets in digital form. In today’s technology-driven society, most people possess several…
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Nursing home care is costly — and in order for Medicaid benefits to cover these expenses, strict eligibility criteria must be met. For a person to qualify for Medicaid, they must have limited income and very few assets. To prevent individuals from…
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The unexpected can happen at any time — and a person can suffer a debilitating illness or accident-related injury at any age. While a last will and testament only goes into effect upon your passing, it’s crucial to have the necessary legal docume…
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If you’re beginning the process of estate planning, there are a wide range of tools that are available to you. Payable on death accounts and transfer on death accounts are two designations that can be used to transfer assets to your loved ones afte…
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Even when siblings seem to get along, underlying family conflicts can rise to the surface when a parent passes away. Grief, stress, heightened emotions, and unresolved issues from the past can be exacerbated by the process of administering a parentâ€â€¦
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Having a comprehensive estate plan in place is crucial if you wish to control what happens to your property after you pass away. However, many people delay creating an estate plan or think they don’t need one. This is a mistake that can lead to an…
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A testamentary trust is a type of trust that’s created through a will and only goes into effect after the person who made the will (the testator) passes away. Unlike a living trust, which is established during a person’s lifetime, a testamentary…
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Planning for the future means making sure your wishes are clearly documented. With estate planning, two critical documents often cause confusion: a last will and testament vs. living will. While both serve essential purposes, they address entirely di…
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As we age, planning for the future becomes increasingly important. The decisions and costs associated with extended care can place significant stress on individuals and their families if a plan isn’t in place. Long-term care planning is a thoughtfu…
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Due to the rising healthcare costs for older adults, Medicaid planning is crucial when it comes to having access to long-term care. However, because of the stringent requirements and legal implications associated with meeting the eligibility criteria…
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