Failing to consider the need to qualify for Medicaid as a senior can put your assets at risk during your retirement years. If you suddenly need to qualify and failed to plan ahead, however, Medicaid planning may still be able to help you. While it is certainly best to plan for Medicaid eligibility, you may be able to use some last-minute Medicaid planning strategies to protect some of your assets. … [Read more...] about Last-Minute Medicaid Planning Options
What Is the Medicaid Look-Back Rule?
As a senior, the likelihood that you will need to qualify for Medicaid increases substantially as a result of the high cost of long-term care. Consequently, it is wise to plan for the possibility by learning more about the Medicaid eligibility requirements. Among the most important of those requirements is the Medicaid look-back period. To help you better understand, a Port St. Lucie Medicaid … [Read more...] about What Is the Medicaid Look-Back Rule?
Tax Planning for 2022
Planning is important for your income taxation during life as well as for any estate tax at death. Even though 2022 is just starting, it’s not too early to think about planning for whatever it may bring your way. Read on to learn more. … [Read more...] about Tax Planning for 2022
The Importance of Naming a Successor Trustee
Though once used almost exclusively by wealthy families to pass down the family fortune, trusts are now commonly found in the estate plan of the average person. If you are contemplating the addition of a trust to your estate plan, there are some common mistakes you want to avoid making, such as failing to name a successor Trustee. For those who are not familiar with how a trust is administered, a … [Read more...] about The Importance of Naming a Successor Trustee
Don’t be a Turkey – Use Your Annual Per Donee Exclusion Amount
As fall turns into winter and the holiday season arrives, it’s natural to review the year, plan for the next, and count your blessings. One of the ways to plan for the next year, and perhaps to address some outstanding concerns in this one, is to consider making annual per donee exclusion gifts. This article will explore annual exclusion gifting and demonstrate how gifts of seemingly modest … [Read more...] about Don’t be a Turkey – Use Your Annual Per Donee Exclusion Amount
Can I Qualify for Veteran’s Benefits and Medicare?
In the United States, veterans and their dependents enjoy a wide range of benefits for their service to the country. Many of these benefits, including health care coverage, are available both while actively in the service and during retirement. Most non-military personnel look forward to depending on Medicare for their health care coverage during their retirement years. If you were in the … [Read more...] about Can I Qualify for Veteran’s Benefits and Medicare?
Top 5 Estate Planning Goals
When you think about creating an initial estate plan, you likely focus entirely on the need to create a roadmap for the distribution of your estate assets in the event of your death. While that certainly will always remain an important estate planning goal. You will undoubtedly include additional goals into your estate plan over time. The best way to decide which estate planning goals should be … [Read more...] about Top 5 Estate Planning Goals
Estate Planning Reduces Stress During High Anxiety Times
During times of high stress such as tragedy or emergency, we tend to feel helpless. This article explores how a comprehensive estate plan helps reduce anxiety in uncertain times. Read on to learn more. … [Read more...] about Estate Planning Reduces Stress During High Anxiety Times
Keeping Elderly Loved Ones Safe in the Age of Social Media
In today’s electronics culture, just about everyone owns a cellphone, tablet, or laptop computer on which they spend a good deal of time on various social media platforms. For grandparents, their best (and sometimes only) opportunity to find out what is going on in a grandchild’s life is through that grandchild’s posts on social media. The problem with that is that it isn’t only the grandkids who … [Read more...] about Keeping Elderly Loved Ones Safe in the Age of Social Media
Common Trust Administration Mistakes
One of the most common additions to a comprehensive estate plan is a trust agreement. Although every trust agreement is unique, one thing all trusts have in common is a Trustee who is charged with administering the trust agreement. Appointed by the Settlor (creator of the trust), a Trustee has a wide range of duties and responsibilities during the administration of a trust. For a first-time … [Read more...] about Common Trust Administration Mistakes
