Your Stimulus Check & Medicaid
The coronavirus relief bill includes a stimulus payment, but Medicaid recipients are wondering how it will affect them. Because the payment is not income, it should not count against a Medicaid recipient’s eligibility. The Coronavirus Aid, Relief, and Economic...
Powers of Attorney
A common question we get is who's going to make my financial decisions? Well, of course, whenever you're able to make your own financial decisions, you're going to make them. That's not where we're going to spend a lot of time here today. What we want to talk about is...
What is Asset Protection?
Whenever you have assets, asset protection should be considered. It protects items from creditors, and a need for everyone. We hate to admit this, but anyone can get sued. Generally, lawsuits can come from anything like car accidents, credit card debt, foreclosure,...
Redo Your Estate Plan When You Remarry
If you are getting remarried, you obviously want to celebrate, but it is also important to focus on less exciting matters like redoing your estate plan. You may have created an estate plan during your first marriage, but this time it will probably be more...
How Does Coronavirus Relief Bill Affect Seniors
The $2 trillion economic relief package that Congress passed to help Americans deal with the devastating financial impact of the coronavirus pandemic contains some provisions that affect seniors. In addition to authorizing direct payments to most Americans, including...
Health Care Decision Making
What is involved when it comes to an individual’s health care decision making? We heard some disturbing news last night. There was a hospital in Chicago that was trying to compel all COVID 19 patients to sign DNR’s or do not resuscitate orders so that they wouldn’t...
Your House & Nursing Home
Whenever you feel it is time to move to a nursing home, what will happen to your house? Usually you do not have to sell your home to qualify for Medicaid of nursing home. However, the state may try to file a claim against your house after you die. Because of this...
Trustee and Beneficiaries 101
Congratulations! You were just appointed to be a trustee / beneficiary. Don't be overwhelmed, or confused. You may ask, "what is a trust?". Another term that has been popularized that you may recognize, "trust fund" it's an arrangement from one person, the trustee,...
Maintain and Review a Will
The creation of a living will may seem like a process that is created once then to be discarded until the final moments of your life. That is false. A living will must be maintained so often that your wealth, and possessions can be properly passed on to loved ones.