Digital estate planning is a topic you can’t afford to overlook. As we move further into the digital age, assets like online accounts, digital photos, and even cryptocurrencies are becoming just as important as physical possessions. Unfortunately, many people don’t consider these assets when developing their estate plans. This oversight can have serious consequences. What […]
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Long-Term Care Costs and the Medicaid Caregiver Child Exemption
When considering the future, understanding the Medicaid Caregiver Child Exemption is crucial. But before delving into that, let’s highlight an essential background detail about Medicare and long-term care. Medicare and Long-Term Care Expenses Once you hit 65, if you’ve worked and paid taxes for at least a decade, you’ll qualify for Medicare. If you’re married, […]
The Overlap of Retirement Planning and Estate Planning
When you’re plotting out the roadmap for a financially secure future, retirement planning and estate planning often cross paths. These two approaches, although distinct in their goals, are interconnected in various ways that require coordinated efforts. This blog post aims to shed light on these overlapping areas, explaining why both retirement and estate planning should […]
Avoid Probate With a Living Trust
Probate is a legal process that you may want to avoid when you are planning your estate. Before we look at the drawbacks of probate, we should emphasize the fact that it is not inherently negative, and it serves a purpose. Probate Purpose It would not be fair for the people named in a will […]
Navigating the Maze: Trustee Duties for Various Types of Trusts
Being a trustee is no small task. It’s a role filled with responsibilities, and the stakes get even higher when you realize that you are dealing with someone’s life savings, assets, or even their well-being. However, not all trusts are the same, and neither are the duties you have as a trustee. In this blog, […]
Your Long-Term Care Options: Medicaid
Most people do not have estate plans, but many of those that do have been quite diligent. They have a will or a trust that will facilitate asset transfers after they are gone, and they have a living will and durable powers of attorney to account for possible incapacity. If you have taken these steps, […]
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