I Have a Living Trust So I’m Covered – Right?
In discussing long term care planning with new clients, very often they will tell me that they have everything covered because years earlier they set up a living trust. Living trusts are estate planning devices designed to eliminate the need to probate an individualâs estate at his/her death. In the
The Right Way — And The Wrong Way — To Hire a Home Aide
As long term care needs increase and families want to keep their loved ones at home, hiring home health aides often becomes necessary. Paying an aide, however, if not done correctly, can cause Medicaid ineligibility years later, after funds run out. Consider the following very common scenario. Jane hires a home
The Bank Won’t Honor my Power of Attorney
As I often tell clients, one of the most important documents that everyone should have is a power of attorney. A power of attorney allows you to designate someone to conduct financial and other transactions on your behalf. The ease with which anyone can execute such a document is a
Dad Owns a Home and Needs Nursing Home Care – What do I do?
A common scenario that I am seeing with increasing frequency is the following fact pattern. Dad owns a home but not much else. He needs nursing home care but canât get a mortgage to tap into the equity to pay for the care. The home is listed for sale but