You probably hear people talk about wills and trusts and powers of attorney, but do you really know what those documents are? Do you know what they are used for? They are all important for different
The first step for a successful estate administration is determining who is entitled to act as the Executor or Administrator of the decedent's estate. Review this guide for a rundown of this topic an
If the need for long term care comes unexpectedly or if you knew that nursing home care was likely, but have simply not planned properly, there may still be hope to protect some of your assets. This
Now is the time to start proper planning so that you and your family are not caught off guard and left scrambling should the need for nursing care come unexpectedly. It is always better to plan ahead
When you are unable to obtain long-term care insurance, you should next consider the Medicaid Asset Protector Trust. Outright gifts to children are discouraged because those assets become exposed to the childrens debts and liabilities, divorces, spnding habits etc. The object i...
PENNSYLVANIA ESTATE RECOVERY PROGRAM The Pennsylvania Department of Public Welfare (hereinafter DPW) operates an estate recovery program which seeks to recover certain payments made by the Commonwealth on behalf of medical assistance patients. Estate recovery is sought from t...
SPECIAL CAREGIVER EXCEPTION TO SAVE THE HOME FROM NURSING CARE SPEND DOWN Many people are becoming increasingly concerned about the possibility that they, a parent or loved one may lose the value of their primary residence in order to finance the cost of long term nursing care....
The individuals you have named are deceased. You might have named someone as a beneficiary, executor, guardian, trustee or power of attorney who is now deceased. It is necessary to update the docume
Who Should be Trustee Itis important to have the right trustee taking control of assets in a SNT. You should consider a close family member first, but if you do not want to involve family in this pr
Terminate, Will, Power of Attorney and Living Will From Prior Marriage You have to remove your ex-spouse! Even if you removed him/her prior to the second marriage, not all provisions of a new will o