How Does a Medicaid Spend Down Work?

For a senior to claim Medicaid long term care, they must meet several eligibility requirements which includes a need for care with limited income and assets. The various limits differ according to states as well as your marital status. But there is still a way to qualify for Medicaid despite not meeting the income/asset requirements. This program is called the Medicaid “spend down.” There are two types of spend Read More

3 Tips on Choosing the Right Guardian

What is a guardian? A guardian is a person or agency that has been court appointed to manage someone’s affairs. When it comes to the elderly, this is mostly due to mental deterioration or physical incapacity. The guardian then assumes the rights of the incapacitated person and will be responsible for making life decisions on their behalf. A guardian can be held accountable for their actions by the court. How do Read More

What to Discuss with Your Elder Law Lawyer During Your Meeting

There are plenty of great reasons to meet with an elder law attorney, whether you're planning in advance, you're going on behalf of a loved one, or you're hoping to address a specific issue. Make sure you're prepared for the appointment by drawing up a list of pressing questions. Take these key issues as examples. Reviewing your decision-making options. Because elders are more susceptible to conditions like Read More

How Do I Talk to My Family About My Estate Plans?

If you're in the midst of building an estate plan, you may be wondering how to properly involve your family members and loved ones in the process. How do you broach the subject tactfully and respectfully? Pick the right time and setting. First, make sure you schedule a family meeting with the proper timing. You shouldn't bring up the subject of death too soon after major events like the death of a relative. You Read More

6 Simple Ways to Save Money for Retirement

It's never too early—or too late—to start saving for your retirement! Even if you have a small income or a big debt, you can still find simple and straightforward ways to set aside funds for retirement. A few suggestions: 1) Cut down on spending. Sometimes the most effective method is also the simplest, particularly when it comes to saving money. It's always worth taking a look at your your spending habits to Read More

The 5 Estate Planning Documents to Get in Order at the First Sign of Dementia

A declining memory, reduced coherence and reasoning, and an inability to focus. These are just some of the many signs that a loved one has dementia. You want what’s best for our loved one in their time of need, but you also want to respect their autonomy over themselves. That’s why at the first signs of dementia, you should also consider consulting with a lawyer about arranging these 5 essential documents with or for Read More

Asset Protection Planning Is for Everyone

Asset protection planning isn't just for the wealthy! You may not have a particularly large estate or varied assets, but asset protection planning is a strategy anyone can use to keep their money safe from various financial issues. If you own real estate, a car, a retirement plan, investments, or other such assets, then it's worth reading up on the process to see if it might benefit you in the future. What Is Read More

5 Practical Estate Planning Tips

Estate planning covers more than just your will—in fact, it covers so much ground that you may have trouble knowing where to start. The concept of estate planning may seem overwhelming at first, but if you take it step by step, you'll soon be able to build a comprehensive plan that protects your wishes and maximizes the assets you pass down to your loved ones. Take a look at these useful tips to stay focused as you Read More

5 Tips on How to Choose the Right Executor for Your Estate

The executor for your estate has a very important job. After you pass away, they will be in charge of filing court papers to start probate, taking inventory of your estate, paying your estate's bills and taxes, distributing assets to your beneficiaries, and more. It goes without saying that your executor should be a person you trust—but what other qualities should you look for in an executor? Here are a few things to Read More

A Brief Q&A on Washington State Probate

When a person passes away with or without a will, that person's estate may have to go through a process called “probate.” It commonly involves transferring assets to the person's inheritors, paying any debts and taxes that the estate may owe, and determining whether the will is valid. Probate in Washington will look a little different from the process in other states, so here's what you need to know if you reside in Read More