Estate Administration Tales – Part 2
In my blog post last week, I explained that we often get calls from family members of a loved one after they pass away in which the family explains what the decedent (person who died) wanted with respect to the distribution of their estate. Without a written document, however, the law
Estate Administration Tales – Part 1
When we get calls to our office about the passing of a family member, more often than not the decedent (person who died) did not leave any written instructions as to how to distribute their assets and handle their affairs. In other instances the decedent left instructions but not in a
OBBBA and Medicaid
Last year I wrote in this blog about the One Big Beautiful Bill Act (OBBBA) which Congress passed and the President signed into law last year. OBBBA contains some changes to Medicaid, although they have not yet taken effect. Since the law’s passage, we have received calls from current and prospective clients
When Both Spouses Need Care – Part 3
In my past 2 blog posts I was explaining that when both spouses need long term care the common thought is to spend down all the assets for both of them first and then apply for Medicaid for both at the same time. That may not, however, be the best approach
When Both Spouses Need Care – Part 2
In my blog post last week, I wrote that in cases where both spouses need long term care, spending down the assets and then applying for Medicaid for both of them at the same time may not be the best approach. It may actually be better to apply for the first
When Both Spouses Need Care – Part 1
In some of my past blog posts, I have often presented scenarios in which one spouse needs long term care but the other one does not. When we do long term care planning before any care is needed, we typically recommend placing assets in a trust to help insure they will
A Cautionary Tale about CCRCs – Part 2
In my blog post last week I was explaining about CCRCs. Continuing care retirement communities provide a continuum of care. The idea is that you make one decision to move to a CCRC and as your health declines and you need more care, you move from independent living to assisted living to nursing
A Cautionary Tale about CCRCs – Part 1
We received a call last week from Mary, whose dad had been in a CCRC but had since moved out. CCRC is shorthand for continuing care retirement community. The idea of a CCRC is that a family only needs to make one decision about a loved one’s care. That’s because the CCRC provides
AI Created Estate and Long Term Care Plans – Part 3
In my blog post for this week, I continue a discussion of AI and its impact on estate and long term care planning. This week I focus on the guidance that we provide to clients. Can AI replace the day to day or month to month guidance needed as clients navigate the
AI Created Estate and Long Term Care Plans – Part 2
In my blog post last week I asked the question whether an AI created and driven estate or long term care plan can work. More specifically, what place do I see it having when it comes to addressing the problems we help our clients solve every day. As I said last week,