There are pointed strategies that can be implemented to provide for each person on your inheritance list in the ideal manner. This is well demonstrated when you look at inheritance planning for people with disabilities. Need-Based Government Benefits Clearly, people with these challenges are going to require expensive medical care throughout their lives. Since many of these folks are not in a position to hold jobs, they cannot get health insurance through employers. Fortunately, Medicaid … [Read more...] about Can Medicaid Seize Assets in a Special Needs Trust?
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Three Targeted Estate Planning Solutions
You don’t have to settle for a couple of different options when it comes to the ways that you can plan your estate. There is some type of solution to serve just about any purpose, and we are going to look at three of them in this post. Pet Planning The idea of including your dog in your estate plan may sound ridiculous for a couple of different reasons. First, people live longer than dogs. Secondly, in most cases, these are family pets that in a real sense belong to multiple different … [Read more...] about Three Targeted Estate Planning Solutions
Use the Exclusion or Lose It
Currently, each person can give $11.58 million during life or at death. However, that amount will be cut in half by January 1, 2026. It may go down even sooner. Read on to learn why and how you should use it before you lose it. … [Read more...] about Use the Exclusion or Lose It
What Is Probate and Why Do People Avoid It?
There are those that think that the executor of a will can independently distribute assets according to the wishes of the testator. They just read the will to the people that are named in the document and go about their business. You may have seen something like this on a television show, but it is not the way it works in reality. The will would be admitted to probate, and the Surrogate’s Court would provide supervision during the administration process. Probate serves a purpose, because … [Read more...] about What Is Probate and Why Do People Avoid It?
Medicaid Spouse Allowances Can Provide Relief
It is natural to feel a certain sense of security when you know that you will qualify for Medicare as a source of health insurance when you are 65. There are out-of-pocket expenses that you have to pay yourself, but if you retire with some resources and income, you should be able to manage them. This being stated, there is one complete void in the coverage that is not easy to overcome on your own. Medicare will not pay for a stay in a nursing home, and it does not cover in-home care. About … [Read more...] about Medicaid Spouse Allowances Can Provide Relief
