Many people are not aware of what happens to their estate and assets after they die. But the process can be quite complex, especially if you do not have a will in place. After someone dies, their estate goes through the probate process, which is a somewhat lengthy...
Long-term nursing care or assisted living does not come cheap. Fortunately, Medicaid benefits can help defray some of the costs. Unfortunately, the income restrictions needed to qualify for Medicaid are strict. Most people are surprised to find that they do not...
If you are thinking about giving away your house to your children, be careful. While it can seem like a generous gesture and smart financial move, it actually can cost you and your family more overall. Because Medicaid is a need-based program, most people need to do...
Serving as a personal representative can be an honor and a big responsibility. If your loved one had a will, he or she may have specifically chosen you to manage his or her final affairs. If your loved one did not have a valid will, a court may have appointed you to...
A power of attorney gives authorization to someone of your choosing to represent you if you are incapable of making decisions for yourself. As we get older, we may succumb to conditions that limit our ability to determine what is in our best interest. What to look for...
Medicare is a government health insurance program. You become eligible for Medicare as soon as you turn 65-years-old. Figuring out which Medicare parts to apply for may be daunting. There are Part A, Part B, Part D, Medigap and Medicare Advantage plan options. Each...
Maybe you’re thinking of making a will, or maybe you already have. Congratulations for being ahead of the game. Most Americans don’t have a will even though financial advisers and estate planners always advise them to get one. A will provides a set of...
When people think about estate planning, they typically think of a last will and testament. Although estate plans can include several other important documents, a will is often a good document to start with. However, there are three things you may want to consider...
