Buy-Sell Agreements and Using Life Insurance to Fund Them
As a partner in a growing business, having a buy-sell agreement in place is a top priority in case you or your partner should pass away. As an exit strategy, it not only protects your business from uncertainty on how to carry on after the death of an essential company...
8 Tips for Having “The Talk” with Elderly Parents
Talking about estate planning is a difficult, emotional topic but it’s essential for every family. Unless you’re certain your elderly parents have an up-to-date will and a wider plan for what should happen in the event of their passing, you shouldn’t assume everything...
Why Pennsylvania Homeschool Tutors Should Set Up an LLC
One of the greatest rewards of becoming a tutor in Pennsylvania is helping students learn and grow. Homeschool tutors is also a smart path to take if you want to own a business. It has a dependable clientele, low startup costs, and minimal overhead. In addition, with...
COVID-19 and Ageism
With older Americans being most at risk from the COVID-19, the response is highlighting issues of ageism in the United States. According to experts, ageism is evident in the lack of protective equipment allocated to nursing homes. Experts on aging say the medical...
Pointers for Parents with Special Needs Children
Buy enough life insurance. A parent is irreplaceable, but someone will have to fill in if the worst happens. It may be siblings or other relatives helping out children with special needs. In all likelihood, that family will have to pay for at least some services the...
Why Use a Lawyer For Medicaid Planner?
Many seniors and their families don't use a lawyer to plan for Medicaid, often because they're afraid of the cost. But an attorney can help you save money while getting the best care for your loved one. Instead of taking steps based on what you've heard, or enlisting...
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...