Are there Different Kinds of Special Needs Trusts?
Oct 01, 2012
Yes.There are two basic kinds of Special Needs Trusts:self settled trusts (first party trusts) and third party trusts.A first party trust is funded with the disabled beneficiarys own assets.For exampl...
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Irrevocable Income Only Trust
Aug 21, 2012
The Income Only Trust
By Nicole Livingston
How can you protect your assets if you need a nursing home?This is a question that I am often asked.There is a trust you can create called an Irrevocable...
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What is living probate?
Mar 20, 2012
Living probate is the guardianship proceeding. If you become incapacitated and you do not have a legal document called a power of attorney, then your loved ones will have to go to court in order to man...
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Division of Assets: Medicaid Planning for Married Couples
Mar 20, 2012
Division of assets is the name commonly used for the Spousal Impoverishment provisions of the Medicare Catastrophic Act of 1988. It applies only to couples. The intent of the law was to change the elig...
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What is Medicaid and Why Seek Advice?
Feb 15, 2012
Medicaid is a benefits program which is primarily funded by the federal government and administered by each state. One primary benefit of Mediciad is that the Medicaid program will pay for long term ca...
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Life Estate Deeds
Feb 09, 2012
A life estate deed is a type of deed.You give yourself a life estate interest in your home[1] and retain the right to live in, use, and enjoy the property during your lifetime.Then, you name a benefici...
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Powers of Attorney
Jul 01, 2010
This document is perhaps the most important legal document that you should have. A Power of Attorney can be in place for both financial and medical decision making when you are no longer able to make y...
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