Your heirs may not see eye to eye on family circumstances, particularly regarding inheriting your estate. Relationships can change and intensify when you die. Underlying issues can bubble to the surface, creating tensions over your estate and possibly tearing your...
Over the next two decades, experts foresee Baby Boomer households transferring more than $84 trillion in generational wealth. Amid challenging economic times, it is more important than ever to protect your assets for yourself and your loved ones. Without a...
Not talking to your adult children about their inheritance comes at a cost. Do what you can to manage expectations for adult children as they forge their financial plans. Knowing their general inheritance situation can change their decision-making process and lead to...
Medicaid is a joint federal and state program in the United States that provides health coverage to eligible low-income individuals, including coverage for long-term care services for those who qualify. Long-term care encompasses a range of services and supports for...
Seniors who have an income above the Medicaid threshold but lack a high enough income to have substantial personal savings are considered “The Forgotten Middle.” These are elders who are more likely to struggle to afford long-term care that may become necessary as...
Making the decision for a loved one to move to a nursing home is never easy. It often depends on various factors such as their health condition, safety concerns, their ability to manage daily activities, and the support available to them. Here are some signs that...
Recently proposed legislation seeks to offer financial relief for unpaid family caregivers. Introduced in November 2023, the Lowering Costs for Caregivers Act of 2023 is the result of a bipartisan effort to lessen the costs of family caregiving. The American...
The federal government has announced the spousal impoverishment figures for 2024. The changes are outlined by the Centers for Medicare and Medicaid Services (CMS) as follows: Maximum Community Spouse Resource Allowance (CSRA) = $154,140 Minimum CSRA = $30,828 Maximum...
As of January 2022 data, Missouri offers several Medicaid waiver programs, known as Home and Community-Based Services (HCBS) waivers, designed to provide long-term care services to eligible individuals in home and community settings. Here are some key Medicaid waiver...
According to January 2022 data, Kansas has several Medicaid waiver programs designed to provide home and community-based services to eligible individuals who would otherwise require care in institutional settings. Here are some key Medicaid waiver programs in Kansas:...
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