Spending Down Assets on Medicaid

Spending Down Assets on Medicaid

The rules of "Spending Down" assets for Medicaid may seem tricky, but we're here to help you navigate. To qualify for Medicaid, you must make less than an income at or below 133% of the Federal Income Poverty Guidelines. Applicants for Medicaid can spend down their...

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A Will: What “Will” I Need to make it Valid?

A Will: What “Will” I Need to make it Valid?

Thanks to movies, and TV shows people are to believe that our will is our final words before we perish, a note, or a video. What makes a will valid? What exactly is a will? For many states, there are requirements that must be met before a will can be valid. What is a...

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I’m Power of Attorney.  Now What?

I’m Power of Attorney. Now What?

A power of attorney is the grant of legal rights and powers by a person, the “principal,” to another, the “agent” or “attorney-in-fact.” The attorney-in-fact, in effect, stands in the shoes of the principal and acts for him or her on financial and business matters....

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The Probate Process Explained

The Probate Process Explained

Probate is the process by which a deceased person’s property, known as the “estate,” is passed to his or her heirs and legatees (people named in the will). The entire process, supervised by the probate court, usually takes about a year to eighteen months. However,...

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Estate Law: Understanding Legal Trusts

Estate Law: Understanding Legal Trusts

A trust is a separate legal entity for holding and investing property. One or more persons (the “trustee”) holds property, usually real estate or investments, for the benefit of another or several other people (the “beneficiary”). The person who gives the property for...

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Family Law: All About Guardianship

Family Law: All About Guardianship

Guardianship is a legal relationship whereby the Probate Court gives one person (the guardian) the power to make personal and financial decisions for another (the ward). Some states have separated guardianship into two roles—a guardianship or power over the person,...

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Understanding Supplemental Needs Trusts

Understanding Supplemental Needs Trusts

Supplemental needs trusts (also known as “special needs” trusts) are designed not to provide basic support, but instead to pay for comforts and luxuries that could not be paid for by public assistance funds, such as education, recreation, counseling, and medical...

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Fact or Fiction: Long Term Care Planning

Fact or Fiction: Long Term Care Planning

Long term care planning is a complex subject and with so many resources at our fingertips, it can sometimes be tough to determine the myths and the realities about the topic.  Read on to learn the truth about long term care planning. Fiction: I will never end up in a...

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