Like many people, you may have made it all the way to your retirement years without ever needing to rely on Medicaid to help cover your healthcare bills. As a senior,, however, there is a very good chance that will change, and if you fail to plan ahead, you may not qualify. The first step in the planning process is to learn what the eligibility requirements are for a senior. Toward that end, the Moline Medicaid attorneys at Nash, Nash, Bean & Ford, LLP offer some basic guidelines for … [Read more...]
Moline Estate Planning Attorneys — Terms You Need to Know
For the average person, estate planning is somewhat mysterious, if not downright intimidating. This really should not be surprising considering the fact that estate planning effectively has its own language that is chocked full of legal terminology. To take some of the mystery out of estate planning, the Moline estate planning attorneys at Nash, Nash, Bean & Ford, LLP have created a list of estate planning terms you need to know. Administrator --Person named by the court to represent a … [Read more...]
Do Probate Attorneys Also Help During Probate Administration?
Learning that someone close to you has passed away is rarely easy to accept, even if you were expecting the death. The same can often be said for learning that you were named as the Executor of the estate in your loved one’s Last Will and Testament. The thought of taking on the responsibility for probating an estate may seem rather daunting, particularly in light of the fact that you are still grieving the loss of your loved one. The good news is that help is available. Probate attorneys not … [Read more...]
Estate Planning Attorneys Discuss Top 5 Components
Creating an initial estate plan can be a daunting task. Most people understand the overall goals of an estate plan, and may have a vague idea of what needs to be included in a plan; however, until you actually sit down to work on your plan most of the components of an estate plan remain a mystery. Not surprisingly, this leads to a number of questions. What does each of the estate planning tools accomplish? Which tools and strategies should be included in a plan? What are the most common … [Read more...]
Medicaid Attorneys Explain the Community Spouse Rules
The average American can now expect to live almost twice as long as his/her ancestor did just a century ago. Living longer, however, also comes with an increase in the likelihood of needing long-term care (LTC). If you do end up needing LTC, the high cost of that care also means you may end up turning to Medicaid for help covering your LTC expenses. To qualify for Medicaid though, you cannot exceed the program’s (very low) income and asset limits. Where does that leave your spouse, however, if … [Read more...]
Estate Planning Attorneys Explain What Happens When Someone Contests a Will
Like many people, you may choose to execute a Last Will and Testament as your primary method for distributing your estate assets after you are gone. You will undoubtedly spend a considerable amount of time deciding which assets you wish to gift to which beneficiaries in your Will. After your death, your estate will need to go through the legal process known as probate. During the probate process, someone could decide to challenge the validity of your Will by filing a Will contest. The estate … [Read more...]
Estate Planning Attorneys Remind You to Include Your Pets in Your Plan
If you have a dog, cat, or any other type of pet that you consider to be part of the family, you likely spend a considerable amount of time, energy, and money to ensure that your family pet is happy and healthy. Have you taken the time to consider what would happen to your beloved pet if something happened to you? Sadly, many people do not which is why the estate planning attorneys at Nash, Nash, Bean & Ford, LLP would like to remind you to include your pets in your estate plan. Doing so … [Read more...]
Geneseo Estate Planning Lawyers Explain Why Probate Avoidance Should Be Part of Your Plan
When you initially set out to create an estate plan your primary objective was probably to ensure that your estate assets would be distributed according to your wishes in the event of your untimely death. As both your estate and your family has grown, you may now be ready to add to that basic plan and create a more sophisticated and comprehensive estate plan that includes additional, yet related, goals. The Geneseo estate planning lawyers at Nash, Nash, Bean & Ford, LLP explain why probate … [Read more...]
Trust Administration Attorneys Explain What Happens If The Trustee Cannot Serve
Although most people continue to use a Last Will and Testament as their primary estate planning document, another option has become increasingly popular as well – a trust. Trusts are also commonly used as a secondary estate planning tool that can help achieve a specific goal, such as incapacity planning or asset protection. Regardless of what type of trust is used, and what the trust is intended to accomplish, all trusts must have a Trustee, appointed by the Settlor (the trust creator) whose … [Read more...]
Can Probate Attorneys Help Me Contest a Will?
The time period immediately following the death of a family member is one that is typically filled with a number of heightened emotions, including grief, despair, and even anger. It can also be a confusing time for those left behind as they try and focus on the practical and legal ramifications of their loved one’s passing. The decedent’s Last Will and Testament must be submitted to the appropriate court for probate as soon after his/her death as possible. One of the first steps in the probate … [Read more...]
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