5 02, 2021

The Top Eight Mistakes People Make With Medicaid

2024-08-12T11:18:06-04:00February 5th, 2021|

Medicaid planning can be a difficult and confusing process. The following are some common mistakes people make when planning to apply for Medicaid. Thinking it's too late to plan. It's almost never too late to take planning steps, even after [...]

1 02, 2021

Long-Term Care Insurance Premiums Have Soared in Past Year

2021-02-01T10:19:55-05:00February 1st, 2021|

Long-term care insurance prices have suddenly skyrocketed by as much as 66 percent in one year, according to the 2021 Long-Term Care Insurance Price Index, an annual report from the American Association for Long-Term Care Insurance, an industry group. The price increases apply [...]

28 01, 2021

Five Reasons to Have a Will

2024-08-09T07:38:31-04:00January 28th, 2021|

Your will is a legally-binding statement directing who will receive your property at your death. It also appoints a legal representative to carry out your wishes. However, the will covers only probate property. (Probate is the court process by which [...]

25 01, 2021

Married Couples Need an Estate Plan

2021-01-24T07:08:54-05:00January 25th, 2021|

Don’t assume your estate will automatically go to your spouse when you die. If you don’t have an estate plan, your spouse may have to share your estate with other family members. If you die without an estate plan, the [...]

22 01, 2021

What is Long-Term Care and Who Provides It?

2023-11-27T02:57:25-05:00January 22nd, 2021|

Long-term care is the care you need if you can’t perform daily activities on your own for an extended period of time. There are a number of different ways that long-term care can be provided. Most long-term care involves assisting [...]

19 01, 2021

Credit Shelter Trusts Aren’t Just for the Super Wealthy

2021-01-19T09:27:51-05:00January 19th, 2021|

Credit shelter trusts are a way to take full advantage of state and federal estate tax exemptions. Although such trusts may appear needless unless you are a multi-millionaire, there are still reasons for those of more modest means to do [...]

15 01, 2021

Congress Fixes Some, But Not All, Medicare Enrollment Problems

2021-01-15T07:05:24-05:00January 15th, 2021|

Tucked in the federal spending bill that passed at the end of December 2020 are some changes aimed at simplifying Medicare enrollment and addressing coverage gaps. But Congress chose not to address the biggest problem. Currently, Medicare enrollment begins three [...]

12 01, 2021

Moving to a New State? Be Sure to Update Your Estate Plan

2023-12-08T02:49:39-05:00January 12th, 2021|

While legally you may not need all-new estate planning documents if you move to a different state, you should have your documents reviewed by a local attorney in your new home. The Constitution of the United States requires that states [...]

11 01, 2021

The Little-Known Tax on Roth 401(k) Distributions

2024-09-07T07:18:48-04:00January 11th, 2021|

Employee retirement savings plans come in two main flavors: the traditional 401(k) and the Roth 401(k). The benefit of a Roth 401(k) over a traditional 401(k) after retirement is that distributions from a Roth 401(k) are tax-free, but there is [...]