How to Protect Assets from Medicaid Spend Down?
Several types of special income trusts and other strategies can be helpful when trying to protect your family’s assets from the devastating costs of long-term care.
December 7, 2021
How to Approach Parents about Estate Planning
If you have a parent over the age of, say, 65, thoughts about their future may have started to creep into your mind. However, because end-of-life planning can be emotional and overwhelming, it’s tempting to put these conversations off—and even more pleasing to avoid them altogether.
December 6, 2021
Study Details Implications of Deciding On Assisted Living Versus Nursing Home
The majority of older adults (79%) responding to Genworth’s Caregiving in COVID-19 Beyond Dollars Study 2021 said they preferred to receive care in their homes, but only 42% actually received assistance at home.
December 3, 2021
Do College Kids Need Estate Planning?
As a legal adult after attaining the age of 18, your child should have in place several legal documents that will allow you to provide support and obtain information, if something unexpected happens to your child.
December 2, 2021
What Should I Know Before Starting Social Security?
Since you began working, Social Security has recorded your reported earnings under your name and Social Security number. Social Security updates your record each time your employer (or you, if you’re self-employed) report your earnings. Your earnings determine your benefit amount.
December 1, 2021
Do Gifts Count Toward Estate Taxes?
A recipient of a gift does not pay income taxes on the gift. However, the gift-giver may pay gift taxes, unless one of two exemptions applies.
November 30, 2021
Does Anyone Know Where Your Money Is?
Even those who have saved and invested well may not be sharing their financial information with a spouse or loved one. It’s time to do that now.
November 29, 2021
Will Inheritance Be a Benefit or Burden?
One of the biggest conundrums of estate planning is considering how, or even if, you can give money or property to your heirs in a manner that will help them.
November 26, 2021
What Has COVID Taught Us about Caregiving
The COVID-19 pandemic increased demand for and complexity of care, accelerating existing trends toward longer duration and more acute long-term care.
November 25, 2021
Hire Estate Planning Attorney or Write My Own Will?
An online form or a DIY will kit may be a more cost-effective option. However, hiring a lawyer could save you money in the future.
November 22, 2021