Monthly Archives: April 2022
A Senior’s Guide to Estate Planning
Most older adults acknowledge that estate planning is essential. Yet, nearly half of Americans age 55 or more do not have a will, and even fewer have all the elements of an estate plan, including designated powers of attorney, a living will, or health care directives. These documents help guide your representatives to provide… Read More »
Medicaid Planning Protects Your Home from Rising Health Care Costs and Capital Gains
Your most valuable property may be your home, which is true for many people. You want your children to inherit that value when you pass. However, you are also concerned about planning for the future, declining health, and the potential need for expensive long-term care. You have heard that Medicaid can pay for that,… Read More »
If I Give My Home to My Child in My Will, Can They Take My Home While I Am Still Alive?
Here’s an interesting estate planning question: “I’m planning on leaving my house to my child in my will. However, does this allow them to take my home while I’m still alive?” The short answer to this question is no. Naming your child as the recipient of your home in your will does not give… Read More »
Does a Domestic Partner Have the Same Rights as a Spouse When It Comes to Estate Planning?
The short answer to whether couples in a domestic partnership have the same rights as married couples when it comes to estate planning is … probably not. To a large extent, the state in which you live, and maybe even the city or county, determines domestic partners’ rights. What Is a Domestic Partnership? Everyone… Read More »