FAQ: What Happens if I Die without a Will?
You’ve heard the statistic: 55% of Americans don’t have a will and there are lots of reasons why If you’re one of those no-will Americans,
You’ve heard the statistic: 55% of Americans don’t have a will and there are lots of reasons why If you’re one of those no-will Americans,
Some of the most impactful work we do involves setting up financial protections for disabled individuals. Part of that process includes exploring federal income benefits,
Trusts can be a highly effective tool in nursing home planning. Certain types of trusts are effective even when a nursing home stay is imminent
So often, we meet with clients who want to “get a will” or “talk about trusts.” And we’re more than happy to talk about those
If you choose not to decide, you still have made a choice (“Freewill” by Rush). Estate planning is based on a single choice: will you
Here’s a shocking statistic: according to Scranton University, only 8% of people keep their New Year’s resolutions. Some years I’ve been successful with my resolutions, other years are utter failures. In my experience, the times I’ve been able to keep my resolutions have had a few things in common. Here are three ways to stick with your resolution.
The grantor is the person who creates a trust. No matter what type of trust you have, the grantor is always in charge because they set the trust’s terms. [Read More]
The trustee manages trust assets, but the grantor is the person who’s really in charge.
Medicaid only cares about your finances on a specific date.
Medicaid only cares about your finances on a specific date.
When you first submit a Medicaid application for nursing facility care (and Elderly Waiver, in Iowa), DHS takes a “snapshot” of your financial status as of the date you first moved into the nursing home. This is called the “snapshot date.” [Read More]
Need proof that the Medicaid rules are confusing? Consider: an “asset” and a “resource” are not the same thing.
In the Medicaid world, the term “asset” is used when discussing Medicaid’s transfer penalty rules. As a result, “asset” includes both income and resources. [Read More]
A resource is one of the three important elements in determining Medicaid eligibility.
The third test in the Medicaid application process considers whether the applicant has too many resources. But what is a resource?[Read More]