Estate Planning (Wills, Trusts, and Powers of Attorney)
We highly recommend that individuals complete a Durable Power of Attorney for Financial Matters (or a POA for short). This important document is priceless in the unfortunate event of incapacity and is relatively painless to put in place. Despite its usefulness, many are still wary or ill-informed about the POA. Here are four of the…
Read More Many family members are blindsided by this situation. They think they have everything in order so that they can pay the bills and access the accounts on behalf of their incapacitated loved one. So, they are shocked when a bank employee refuses to accept their loved one’s POA. They are effectively blocked from accessing their…
Read More Taking responsibility for tough life decisions prevents others from having to step in and make them for you, but also allows you to discover options that can alleviate the fear. Aging is difficult, with one potential loss after another. Making your own decisions can provide some control over your aging process. Following are several decisions…
Read More A parent’s unexpected health event could precipitate an immediate need to get your hands on key information and secure valuables. Before something happens, it is a good time to talk to aging parents about what you may need to provide someday. Some parents are hesitant to discuss personal matters, even with their children. For insight…
Read More The eligibility rules for Medicaid can be confusing, and this is especially true if you think you need a Qualified Income Trust (or QIT). In today’s blog, we want to address how the QIT (the Qualified Income Trust, or Miller Trust) is used. A QIT is needed when a nursing home resident’s income exceeds the…
Read More We are continuing our series of newsletters and blogs on Nursing Home Medicaid for Married Couples. The eligibility rules for Medicaid can be confusing, and this is especially true if the person seeking Medicaid has a spouse. In today’s blog, we want to address how the QIT (the Qualified Income Trust, or Miller Trust) is…
Read More Don’t wait to take care of your estate planning needs. It’s crucial to make these important decisions while you are in the prime of your life instead of waiting until you start declining.
Read More Neglecting to have a will, failing to set up a trust, neglecting to update estate plans, and forgetting to plan for disabilities are all common estate planning mistakes.
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