In the new year, taking stock of your life and your health care is more important than ever. We identify what matters most in preserving our health and financial future in the face of the ever-present threat of COVID-19. For…
Individuals who wish to receive federal assistance through the Medicaid program for nursing home care, assisted living, in-home care, or adult foster care must meet the income and asset eligibility requirements. These rules lead to many candidates, giving away money…
A third-party special needs trust, sometimes referred to as a supplemental needs trust, can be used to provide estate planning tools to the parents of children with physical/mental disabilities. In this type of trust, assets will be provided to the…
Entrepreneurs share specific characteristics, such as motivation, creativity, persuasiveness, risk tolerance, versatility, vision, innovation, communication and collaboration, flexibility, and decisiveness. Individuals like these create new businesses, taking on most of the risks and reaping most of the rewards. Entrepreneurs, because…
Holiday seasons bring additional opportunities for scammers to exploit the sincere intentions of people who want to believe they are making a charitable donation to help those less fortunate. There are automatic call lists that identify older victims, and the…
In spite of the fact that it is an uncomfortable experience to have an open and honest discussion with your family members about your mortality, it is wise to do so. Although it is never pleasant to think about dying,…
According to a New York Times report, long-term care facility oversight is deeply flawed. Rehab facilities are not adequately inspected, and we, as the public, should not rely on reports of inspections. If your loved one needs more care than…
The loss of a spouse can be extremely challenging emotionally, financially, and spiritually. An aging widow or widower may find herself in a complex financial situation with more questions than answers as one spouse handles family tax and estate planning.…
A recent study conducted by Genworth cites that around 70 percent of retired Americans will need some type of long-term care (LTC) by 2020, with costs ranging from $53,768 to $105,850 per year, according to the US Department of Health…
If you believed Medicaid planning meant adhering to strict asset and income limits to obtain long-term care coverage, think again. Furthermore, you will be required to demonstrate that you need a level of care typically provided by nursing homes. These…