Second Marriage Issues – Part 5
In last week’s blog post, I was in the midst of telling you about a dispute between Husband and his deceased Wife’s children regarding the sale of their home. Although 50% of the home was titled Husband and Wife joint with rights of survivorship (the other 50% owned by Wife’s children),
Second Marriage Issues – Part 3
My past two blog posts have focused on second marriages. Because spouses in such marriages more often than not have different heirs they wish to leave their assets to, closer attention needs to be paid when putting together an estate plan. Last week I told you about Husband and Wife in a
Second Marriage Issues – Part 1
I have written often in my blog about second marriage issues. The reason is the potential that such marriages present different heirs for each spouse. In some cases one spouse has children from a previous marriage and the other does not. In other cases, the second marriage results in children as well as
Another Reason People Fail to Plan – Part 2
In my previous blog post here I gave you another reason why people fail to plan for a potential crisis . Sometimes personal background or culture plays a role. We received a recent call from a daughter concerning her dad who had been traveling abroad when he had a stroke. The family was
Another Reason People Fail to Plan
In this blog over the years I have written often about how the lack of planning makes things more complicated and the outcomes worse when a crisis hits than when there is a plan in place. In many instances lack of planning stems from the lack of urgency and the belief
Medicaid Redeterminations – Part 3
In this third post on Medicaid redeterminations, I explain changes that occur after Medicaid is approved that cause problems when it comes time for a Medicaid redetermination. One change is an expected or unexpected sum of money received by the Medicaid recipient. This could be because of an inheritance, personal injury settlement
Am I Too Young for an Estate Plan or a Long Term Care Plan? Part 4
In this 4th post of 4, I continue to discuss the topic of a catastrophic illness or injury hitting a younger family. We discussed the issues of long term care which may be needed for extended periods of time or for life. Advances in medical science can save lives but a lot
Am I Too Young for an Estate Plan or Long Term Care Plan? (Part 3)
In this 3rd post, I continue to discuss the topics of sudden catastrophic illness or injury at a younger age than one might ordinarily expect - such as someone in their 30’s, 40’s or 50’s. Advances in medical science have saved many people who 20, 30, or 40 years ago probably
2 Years Private Pay and Then Medicaid – Part 2
In my post last week, I told you about a son who called. His mom had been paying for care for almost 2 years at an assisted living facility (ALF). Thinking he was ready to apply for Medicaid benefits, he called our office for help. His mom, however, still owned real estate worth
The Types of Long Term Care Facilities and Why It Matters – Part 3
In this third post of three, I continue to discuss why understanding the type of facility you are considering is so important. Last week I talked about long term care insurance policies that may apply differently to nursing home care vs. assisted living care or home care. The type of facility also