In this Elder Law Minute, Wes Coulson, Illinois and Missouri Elder Law attorney, discusses what the right situation is for someone to consider getting a reverse mortgage. ? Should You Consider a Reverse Mortgage? Transcript: Hi, I’m Wes Coulson from Dent-Coulson Elder Law in St. Louis Missouri and O’Fallon Illinois, serving clients throughout the St. Louis metropolitan […]
Retirement Income vs. Long-Term Care Costs: A History Lesson
“Okay, here’s my retirement income and here’s how much it would cost to go into a nursing home.” It is easy to underestimate the need to plan when you are younger for long-term care costs when you are older. Many people look at their retirement income in relation to long-term care costs when they retire […]
What you can and can’t keep with Medicaid: IRAs and Other Retirement Assets
Having IRAs and other retirement assets can give us peace of mind that we have provided for our future, usually offering us great tax benefits, as well. But, when it comes to Medicaid eligibility, these retirement assets aren’t looked at the same way. Specifically in Illinois and Missouri, IRAs and other retirement assets are treated […]
Differences Between Traditional and Roth IRAs
In this Estate Planning Minute, Wes Coulson highlights a few differences between both Traditional and Roth IRAs that may be helpful when making retirement planning choices. Differences Between Traditional and Roth IRAs Transcript: Hello, this is Wes Coulson and this is your Estate Planning Minute. I want to highlight a few differences between Traditional and Roth IRAs. […]
Why Second Marriage Spouses Need A Living Trust
Hi, I’m Wes Coulson, and this is your Estate Planning Minute. If this is a second or subsequent marriage for you, and you have children from a previous marriage, you really need to plan your estate with a living trust, and not a will, and here’s why: In All likelihood, if you die before them […]