Moving into a nursing home or a similar long-term care facility can cost over $100,000 a year for older adults in need of support. Covering such expenses while already living on a fixed income can seem like an insurmountable challenge. Older adults may have few...
Trusts can be a major part of any estate plan, and there are a lot of different ways that you can use them. It just depends what benefits you’re looking for and what you’re trying to accomplish. To help you begin this process, let’s take a look at three examples of...
Maybe you currently live in Minnesota and are about to relocate to Florida for your retirement. Perhaps you have been a lifelong Florida resident and are in the process of preparing your estate and ensuring your financial stability in the near future. When you have...
It is often concern for loved ones that pushes people to first create an estate plan. You don't want your children to suffer because of your death, so you ensure that they will have a guardian when they are minors and an inheritance to help support them as they grow...
Aging adults often feel two different kinds of financial pressure. They may worry about running out of savings before they die. They may also worry about whether they can leave behind anything meaningful and valuable for their children, grandchildren or other loved...
Medicaid is a free or low-cost type of medical coverage that many older adults benefit from in America. While you may have a good financial situation now and not believe that you’ll need Medicaid in the future, there is actually a good reason to make sure you can...
It’s common for people to put off estate planning. When you hear, for instance, that most people don’t have an estate plan, you may be confused. Don’t they know how valuable it is? Do they think they don’t need one? While there are certainly people in those camps,...
Aging often requires that older adults rely on the practical support of others, sometimes voluntarily and occasionally because of legal paperwork. When someone is no longer capable of managing their own affairs, their loved ones or the probate courts may eventually...
Individuals of substantial means often realize the importance of an estate plan. That said, assumptions that a person with a smaller net worth wouldn't benefit from estate planning could be both false and disastrous. Florida residents may find that estate planning...
Medicaid planning is a useful tool for preserving your estate for your family while still qualifying for federal assistance to pay for nursing home care for yourself or your spouse. It is also a complex process. Without meaning to, you can easily make a mistake that...
