The Rising Costs of Medicaid and Managing a Medicaid Crisis
Did you know that in the United States, the median monthly cost of a semi-private room in a nursing home is currently more than $7,900? And the cost of a private room exceeds $9,000 per month! Plus, depending...
Planning For Long-Term Care: Medicare v. Medicaid
Both Medicare and Medicaid can assist you with your individual long-term care plan. While the two programs sound similar, there are important differences to consider. ...
A Will is a Key Component of Any Estate Plan, But It’s Not Enough
When most people think of estate planning, usually writing out their will comes to mind. While a will can help you accomplish a number of important planning goals, it’s certainly not a complete plan...
When Was the Last Time You Updated Your Estate Plan?
For many, an estate plan is created and never looked over again – until it’s necessary to do so. But did you know that you should really look at your estate plan as something that grows and changes...
Aging in Place vs. Nursing Home Care: Important Factors to Make the Right Choice
A growing portion of the older population wants to stay in their homes as long as possible. This is known as “aging in place” and has several benefits when it is appropriate for the individual. However,...
Powers of Attorney: General or Limited?
One estate planning document likely to come into play sooner rather than later, for most people is a power of attorney. Powers of attorney allow you, the principal, to name someone else to act on your...
Why You Need a Digital Will
Digital technology has transformed the way we live. Our society has irrevocably plunged into the digital world. As technology becomes ever more deeply embedded into our daily lives, we need to plan accordingly....
How to Protect the Legacy of Your Vacation Home
For generations, the children in your family have learned to swim by jumping off of the dock of your family’s vacation home. It’s a rite of passage for each grandchild to learn how to bait a hook from...
Filial Responsibility: Are Children Responsible for Their Parents’ Long-Term Care?
Filial Responsibility Laws, also known as Filial Support Laws, are relatively unknown. More than half of US states (including Puerto Rico) could hold adult children financially responsible for their parents’...
Preserving Your Legacy: What Entrepreneurs Should Know About Estate Planning
Many entrepreneurs refer to their business as their “baby” and rightfully so. Like a child, entrepreneurs nurture their business from an idea through conception, to growth, and maturity. Running a...