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Gifts and Penalties Under Medicaid

Most seniors believe that spending down their assets is the only way to qualify for Medicaid, which helps low-income seniors with limited income and assets afford health care and long-term care. While this is true in some cases, proactive Medicaid…

Wills: What They Can and Cannot Do

If you die without a will (intestate), the state will distribute your assets and property based on state law and might not align with your wishes. A will is a legally binding directive stating who will receive your property upon…

Your Estate Plan Should Be Revised Upon Divorce

It is rare that assets are divided amicably in divorce (especially if there are children involved). While your estate plan may be the furthest thing from your mind during a divorce, without updating your documents, your ex-spouse may receive assets…

What Is the Right Amount of Inheritance for Each Child?

Even though it is obvious and right to divide assets equally among children in many situations, in some families, having the same inheritance for each child can be inappropriate, deplete the estate's assets as a result of litigation, or cause…

Your Estate Plan Should Include These Things

What is an estate plan? According to Meriam Webster, the legal definition of estate planning is "the arranging for the disposition and management of one's estate at death through the use of wills, trusts, insurance policies, and other devices." All…

How Can an Elder Law Attorney Help You?

An elder law attorney advocates for and creates legal plans for older and disabled individuals in order to help them live a better life. Elder law may include planning for retirement, Social Security, Medicare and Medicaid, long-term care planning, estate…

Avoid These Estate Planning Mistakes

A lot of Americans perceive estate planning as a chore they can do once and then file until they die. However, without realizing the potential consequences, many people will change beneficiaries on their accounts or make gifts during their lifetime…

Legal Documents You Need to Have

As we age, we are more likely to have diminished mental capacity or declining health, so it is important to create an estate plan to protect ourselves and our loved ones. We need to make sound decisions regarding our finances…

How Life Insurance is Involved in Your Estate Plan

At first glance, life insurance may not seem to have any bearing on your estate plan, but it can be a crucial part of it.┬áThere are numerous other benefits to owning a life insurance policy aside from providing a large…

Ask Your Elder Law Attorney These Questions

While estate planning can be difficult and emotional, it is vital to wisely manage your assets and provide for your family members as you age. Your elder law attorney knows how to create an estate plan strategy that addresses these…

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