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Monthly Archives: February 2019

Don't risk making these estate planning mistakes!

Don’t risk making these 11 costly estate planning mistakes!

By Andre O. McDonald |

Unfortunately, estate planning is often viewed as a “luxury” that is only necessary for the wealthy. In reality, a properly executed estate plan is an important financial document that everyone should have, regardless of how many assets they have to their name. That being said, even if you do have an estate plan, it’s… Read More »

The truth about how to protect assets in a second marriage.

How to Protect Assets in a Second Marriage (The Right Way)

By Andre O. McDonald |

When people marry for the second time (or more), losing assets to pay for their new spouse’s serious illness is probably the last thing on their minds when they say “I do.” But that could happen. Current costs for long-term care facilities can run between $70,000 – $150,000 annually. Studies show that 70% of… Read More »

The truth about the Medicaid penalty for gifts

How to Avoid the Medicaid Penalty for Gifts

By Andre O. McDonald |

Michelle’s children were concerned that Michelle would need long-term nursing-home care in the near future. It was the holidays, and Michelle always got a lot of joy out of generosity. But her children also worried that her generosity could hurt her in the long run, because they had heard that people in Michelle’s circumstances… Read More »

Challenges for the Sandwich Generation

The Stress of Caregiving for the Sandwich Generation

By Andre O. McDonald |

Dorothy Miller, a social worker, first created the term “sandwich generation” in 1981. A Journalist, Carol Abaya, continued to study and add to what the term means. In 2006, Miriam Webster included the term, sandwich generation, in the dictionary for the first time. The sandwich generation is defined as a generation of people who… Read More »

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