Blogs

Is There a Need for Guardianship?

When a health event occurs or someone becomes ill, that individual could become incapacitated and unable to manage his or her own property or issues facing his or her health or personal matters. In this unfortunate situation a trusted family member or friend or possibly a professional would need to take control of the individual’s property […]

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Avoid Blowing Veteran’s Benefits

Check out this article from WealthManagement.com.  It talks about how selling trusts and life insurance to war veterans can be tricky.  Dealing with both Medicaid and VA rules can be very complicated.  One misstep could disqualify a veteran from important benefits.  Click on the following link to read the article: Avoid Blowing Veteran’s Benefits

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Estate Plan for Second Marriages

The elder population is experiencing more and more second and third marriages. Second and third marriages almost mandate a revisit to an estate planning attorney or an elder law attorney for advice. Is a pre-nuptial or post-nuptial agreement needed? Almost certainly yes. If the second or third marriage is late in life or if the […]

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Why the Need for Effective Estate Planning

An estate plan is not just for the wealthy. Everyone should have an effective plan. Effective estate planning must consider many things and the plan must “dovetail” together. What happens at death; burial or cremation, disposition of assets, who will be the personal representative? Is a trust needed? Tax issues should also be considered. What […]

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Will You Be Able to Stay at Home When the Need for Long Term Care Arrives?

Most folks prefer to stay in their own homes rather than residency in an assisted living facility or a skilled care nursing home. Simply, people consider in-home care generally preferable to institutional care. However in home care is very expensive and is typically more expensive than institutional care unless family members are relied upon to […]

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Is Long-Term Care Insurance For You?

Obviously the younger you are when you purchase long term care insurance, the lower the premiums will be. Is that savings worth the cost over this long haul if you are in you 40’s or 50’s? Do you want to purchase insurance that you are unlikely to need for 30 to 40 years? The long-term […]

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What is a Living Will?

Living wills are relatively new creature in our law. The need for Living Wills arose as a result of advances in the medical field, primarily the discovery and development of mechanical ventilation around the 1950’s. As technology, advanced, patients could be maintained longer and longer artificially. It was inevitable that some people would want to […]

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Paying for Assisted Living and Nursing Home Costs

Long term care costs including assisted living facilities have a wide range of costs depending on the level of care required. Assisted living facilities that provide an extended care unit can range from $2,000 to $5,000 per month. Nursing homes can cost as much as $7,500 per month. Each facility may offer many levels of […]

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Will You Need Long Term Care?

At least 70 percent of people over the age of 65 will require long-term care services at some point in their lives. Medicare and private health insurance programs do not pay for the majority of long-term care services that most people need – help with personal care such as dressing, use of the bathroom independently, […]

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Social Security Ups and Downs

New for 2012 Social Security recipients will be receiving more money in 2012, thanks to a 3.6% cost-of-living adjustment. This is the first boost in payments since 2009, when the increase was 5.8%. The maximum Social Security benefit for workers retiring at full retirement age is $2,513 per month, compared with $2,366 in 2011, although […]

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