The VA Aid and Attendance Program Helps Eligible Veterans Pay for In-Home Care
The VA Aid and Attendance Pension Program provides eligible veterans who need long-term care with tax-free income. This benefit can also be used by surviving spouses of eligible veterans. An eligible married...
The Truth About Using Medicaid to Pay for Nursing Home Care
Approximately 50% of all Americans who reside in nursing homes receive assistance from Medicaid to pay for their care. This is not surprising, given the extraordinarily high cost of long-term care. The...
What Services are Covered by Medicare? Find Out by Using Medicare’s Free App
Does Medicare cover a test or procedure recommended by your doctor? You’ll know at a glance if you use Medicare’s “What’s Covered” app. It can be downloaded for free in both the Google Play Store...
Why Do People “Put Off” Estate Planning?
The statistics are rather alarming. In 2005, 50 percent of Americans had a will; today, only 32 percent of us have one. Meanwhile, only one in three Americans over the age of 55 has a durable power of...
Myths and Misconceptions about Retirement Planning
Numerous studies have shown that Americans’ greatest fear regarding retirement is running out of money. Even so, myths abound about planning for retirement, Social Security, the cost of medical care,...
The New Year is a Great Time to Review Your Estate Plan
We would like to add one more item to your list of New Year’s resolutions—reviewing your estate plan. ...
Finding the Right Nursing Home: Don’t Rely Entirely on the Five-Star Quality Rating System
The Five-Star Quality Rating System was created in 2008 by the Centers for Medicare and Medicaid Services (CMS). It has become a popular tool for families to find a quick summary of a given nursing home’s...
What is a Pour-Over Will and How is It Used?
A pour-over will is a type of last will and testament typically used in trust-based estate planning. Unlike a traditional will, which directs how your property will be distributed to beneficiaries, a pour-over...
Moving Out of State? You May Need to Revise Your Estate Plan
Approximately 3 million Americans move to another state each year, while last year alone the number was 4.7 million. Given the stress and myriad changes that come with such a move, it’s not surprising...
The Risks of Giving Adult Children an “Advance” on Their Inheritance
There are many reasons you might consider giving your adult children a portion of their inheritance now, while you’re alive and well. Maybe you’ve seen your nest egg grow thanks to a robust stock market,...