Your Digital Assets – Are You Covered? Part 2
Last week I raised the legal issues faced by digital assets – specifically property rights. Who owns my Facebook account after I die? Who can access that account when I am alive but incapacitated? Courts are often wrestling with these issues for the first time. State legislatures have not,
Your Digital Assets – Are You Covered?
Technology has allowed us as a society to go places and do things never before imagined. But, it has created issues and problems that, likewise, we could never have imagined. Much has been written about the problem of texting while driving or “sexting” by minors. Our laws have been
Turning Life Insurance into Long Term Care Insurance (Part 2)
So your parent has an insurance policy that they can no longer afford and they are in spend down mode to qualify for Medicaid. Cashing in the policy and spending the proceeds is necessary before Medicaid will kick in. But last week I mentioned another option, something called a
Turning Life Insurance into Long Term Care Insurance (Part 1)
For 20 years now, I’ve been guiding clients and their families on the spend down of assets before applying for Medicaid. Successful applicants must spend down just about everything before getting Medicaid approval, including any life insurance policies that have cash surrender value. For many seniors the cash surrender value of