I’m applying for Medicaid, will my residence be exempt? If you look at the rules online, or even if you talk to a caseworker, you will learn that Medicaid rules state that you can have an exempt residence. That is great news for the many homeowners looking to apply for benefits. They can own their […]
Why You Want to Avoid Guardianship or Conservatorship For an Alzheimer’s Victim
People diagnosed with Alzheimer’s will, unfortunately, eventually lose their capacity for making decisions. When this happens, if they don’t have someone who’s been given authority to act for them through powers of attorney, the only alternative is court proceedings that are known as guardianships and conservatorships. There are many reasons why you would want to avoid guardianship or […]
Living Trusts vs. Wills: Being able to give informal direction to trustees
When it comes to planning your estate, there are many decisions that need to be made that ultimately lead to a number of questions. One such query is that regarding living trusts vs. wills and which is better for an estate plan. Wills speak to one moment in time and that is when you die, […]
Alzheimer’s and Why Powers of Attorney Need to be Durable
Alzheimer’s is a progressive disease and unfortunately people with Alzheimer’s will eventually lose their capacity to make decisions. So, it’s important that certain legal documents, especially powers of attorney, are not only in place, but done so that they will still serve their purposes at the time that it is going to be needed the […]
Is Protecting Assets From Long-Term Care Costs Legal?
It is important for someone with Alzheimer’s to take steps in protecting assets from the potentially devastating costs of long-term care. Asset preservation planning is effective in reaching this goal, but a concern we often get comes in the form of the question, “Is this planning legal?” The answer is – Yes, protecting assets through […]
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