14 07, 2023

What Are the Drawbacks of Naming Beneficiaries?

2023-07-13T15:16:04-04:00July 14th, 2023|

Although in many situations the advantages outweigh the disadvantages when selecting beneficiaries, there are always exceptions. What Is a Beneficiary? Beneficiaries are individuals who you select to receive money, various other assets, or specific bequests (such as sentimental items) upon your [...]

10 07, 2023

What to Do If You Lose Your Medicaid Coverage

2023-08-26T10:48:08-04:00July 10th, 2023|

During the COVID-19 pandemic, states could not take away Medicaid coverage from any residents enrolled in this program. In recent months, however, this has been changing. If you are on Medicaid, be sure to take some time to understand whether [...]

10 07, 2023

Lady Bird Deeds: A Different Kind of Life Estate

2023-07-09T09:07:04-04:00July 10th, 2023|

Life estates are ways for you to transfer property to another party while retaining the right to live there until you pass away, or some other event occurs. As the grantor of the life estate deed, you become a life [...]

7 07, 2023

Do You Need a Spendthrift Trust?

2023-07-06T06:32:59-04:00July 7th, 2023|

The aging population is expected to transfer $30 trillion in the coming years, per Forbes. According to the Survey of Consumer Finances, the median inheritance is $69,000; the median for trust fund wealth transfers is $285,000. Many individuals planning their legacies wish to [...]

30 06, 2023

Can I Have Both Employer Insurance and Medicare?

2023-06-29T08:33:08-04:00June 30th, 2023|

When signing up for Medicare, some people have other insurance, such as coverage from a current employer, or retiree’s or military insurance. Beneficiaries of Original Medicare or Medicare Advantage may keep their additional coverage, as the providers work together to [...]

23 06, 2023

Modifying an Irrevocable Trust Through Trust Decanting

2023-06-23T02:51:41-04:00June 23rd, 2023|

A trust is a legal document that you can set up to give assets to someone else. Trusts can be revocable or irrevocable. If you (the grantor) choose to create a revocable trust, you can modify it at any point [...]

19 06, 2023

3 Common Probate Questions: Estate Planning Basics

2023-06-18T11:55:54-04:00June 19th, 2023|

When people pass away, they leave behind assets, property, and possessions that can have sentimental and real value for surviving family members and loved ones. Everything that an individual owns upon their death is known as their estate. According to Estate [...]

16 06, 2023

Do You Need a HIPAA Release?

2023-06-15T09:13:19-04:00June 16th, 2023|

If you are in the hospital, you may want your loved ones to be able to access information about your prognosis. However, if you have not authorized them to receive specifics regarding your medical condition, they could be denied these [...]

12 06, 2023

How Will the Public Health Emergency’s End Affect Veterans?

2023-06-12T05:35:31-04:00June 12th, 2023|

Per an announcement from the United States Department of Health and Human Services (DHHS), the federal Public Health Emergency created in response to the COVID-19 pandemic ended in May 2023. With the end of this Public Health Emergency (PHE) comes a number [...]

9 06, 2023

8 Frequently Asked Questions on Last Wills and Testaments

2023-06-08T09:51:40-04:00June 9th, 2023|

Starting an estate plan can be overwhelming, and you probably have many questions. You are not alone. Below are eight questions people often ask about last wills and testaments as they begin to think about estate planning. 1. Aren’t Wills Only [...]