Monthly Archives: February 2023
What If The Nursing Home Where You Planned To Seek Care Is No Longer There When You Need It?
You should be proud if you have not yet reached retirement age but you have already gotten into enough detail with estate planning to start thinking about nursing homes. Nursing home care is not only for wealthy people; you can pay for it out of your own assets or through long-term care insurance, but… Read More »
Simple Strategies To Keep Your House Safe From Medicaid Estate Recovery
Much like the animated statue in the dinner party scene of Mozart’s Don Giovanni, Medicaid is an unwelcome guest in probate court, even though you knew it was coming. Medicaid estate recovery is as unpleasant as it sounds; Medicaid tries to get the estate to pay it all the money it spent on the… Read More »
Choosing A Trustee For Your Revocable Trust
There is a reason why revocable trusts are such a popular option, no matter your tax bracket. The assets in a revocable trust are safe from creditors and Medicaid asset recovery. They are also able to bypass probate, which means that the beneficiaries do not need to wait for your estate to settle before… Read More »
Do Business Ownership Interests Go Through Probate When A Business Owner Dies?
Some people love their jobs so much that they never want to retire, and some achieve that goal, continuing to work until they die. Certain professions attract this attitude more than others; no one dreams of being an octogenarian in a cubicle farm. Business owners are among those who aspire to draw their last… Read More »