For many parents, estate planning is primarily about their relationship with their children. But it’s hard to know where to even start thinking through the
Nursing homes are incentivized by the state to perpetuate the hoax because the daily nursing home rate paid by the state is lower than the private pay rate. Lawyers who don’t know anything about the Medicaid regulations are telling people they have no options for planning for Medicaid eligibility. How do you overcome misinformation or a lack of information? You get educated. Here are three myths, rooted in the Medicaid Planning Hoax, that are all wet. [Read More]
One of the most overlooked aspects of estate planning is the opportunity to create your legacy. Believe it or not, creating a legacy isn’t all about having Northwest Iowa libraries and hospitals named after you. Instead, there are some more cost-efficient, yet great ways that you can help your family remember your values and beliefs. [Read More]
When you build a house, you want to do so efficiently. Pine 2x4s are cheaper than 1½” oak floor boards, so that’s what you use to frame the house. When you’re making your estate plan, you don’t want the family farm to wind up being sold to pay a tax bill, the costs of probate, or the medical expenses of your beneficiaries. Fortunately, with a little forethought and some organization, you can avoid those kinds of problems and make a plan to pay or even avoid those costs without jeopardizing your wishes. [Read More]
Up to this point in the 101 Death Hacks series, we’ve mainly focused on the philosophy behind your estate plan. Starting today, we’re going to get much more practical about making an estate plan by focusing on ways to communicate your wishes and how to do that efficiently and effectively. Read on to learn about what to write down in your will and trust to make them more effective and how your estate planning can help manage the emotional transition caused by your death. [Read More]
Life is full of transitions, and the end of someone’s life can be the most significant transition of all. Amidst the emotional challenges that come with laying a loved one to rest, it can be intimidating to discover that you’ve been designated as the executor of your loved one’s estate. Then you find out you are a fiduciary and the heavy responsibility that imposes, and suddenly you’re feeling like a fish out of water. [Read More]
Last week, we talked about the fact that many people see estate planning as an intimidating, even scary, process – only 45% of people have had their will prepared! But we also showed you the zen approach to creating your will with the help of an estate planning expert through planning ahead, organization, communication and clarity. And, surprise, those same principles apply to creating a trust. But, while the principles are the same, the zen of trust planning can be quite different from creating a will. [Read More]
It is a great idea to hire a probate lawyer before you actually “need” his or her services so things can go as smoothly as possible when it comes to taking an estate through the probate process. Unfortunately, that’s not always how it works. Oftentimes, a person isn’t even aware of what a probate lawyer in Northwest Iowa does until he or she is in need of one. It’s very common to go looking for a probate lawyer in Northwest Iowa once a loved one has passed and help is needed immediately. [Read More]
Parents of children with special needs in Northwest Iowa face a whole extra set of challenges in addition to those of other parents. On top of physical therapy, occupational therapy, IEPs, and any of a million other details, these parents face additional planning needs. That’s where a special needs planning attorney in Northwest Iowa can make a huge difference in these parents’ peace of mind. [Read More]
The needs of women have been changing dramatically over the past several years. Gone are the days when a woman was expected to stay home and live on an “allowance” if her husband chose to give her one. Instead, so many women today have their own jobs, their own finances, and their own desire to protect their assets. In addition, women typically live longer than men. [Read More]
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