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Is Probate Necessary If You Have a Will?

General

People sometimes make assumptions based on extrapolations that are incorrect, and this enters the picture when it comes to the need for probate. You may hear that the probate process is necessary when someone passes away without a will or a trust. This can lead to the belief that probate would not be needed if you do in fact execute a simple will. In fact, this is not the case at all. If you are passing assets on to your family with a will, the executor that is named in a will would admit … [Read more...] about Is Probate Necessary If You Have a Will?

Medicaid Planning: What Happens to the Beneficiary’s Income?

Elder Law

In this post, we are going to look at the provisions that are made for a healthy spouse when their spouse is applying for Medicaid. Why should you worry about Medicaid eligibility when you will qualify for Medicare when you are 65? Simply put, Medicare does not cover long-term care. Nursing homes and in-home caregivers are very expensive, and 52 percent of elders will need paid care at some point according to the United States Department of Health and Human Services. Medicaid will pick … [Read more...] about Medicaid Planning: What Happens to the Beneficiary’s Income?