Written By: Attorney Ryan D. Foley Estate planning can be confusing, convoluted, and overwhelming. Confronting mortality is often uncomfortable, and many people put it off for far too long. This can end up causing a multitude of problems, but not for the person who...
The answer depends on state law, so you’ll have to consult with an elder law attorney in your state. While the federal government requires all state Medicaid programs to seek recovery of their expenses from the estates of deceased beneficiaries – usually from their...
By: Patrick Hicks Nearly half of baby boomers lack any sort of estate plan, despite the fact that most people agree it’s very important to have one. And among Americans aged 72 and older, nearly one in five still have no documents that provide directions regarding...
Written By: Rick Pendykoski When it comes to retirement planning, many Americans find themselves underprepared. A majority of baby boomers (born between 1946 and 1964) and Generation X’ers (born between 1965 and 1978) often end up without retirement savings or don’t...
There are lots of misconceptions about estate planning, and any one of them can result in costly mistakes. Understanding who needs an estate plan and what it should cover is key to creating a plan that is right for you. A properly crafted estate plan allows you, while...
Yes, an annuity is like any other investment asset and must be liquidated and spent down before Medicaid will pick up the cost of your mother’s care. It may feel like the nursing home is “taking” the annuity, since it will likely be spent paying for your grandmother’s...
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