Whether you are creating your first estate plan or updating an existing plan, deciding which estate planning tools and strategies to include will be among your most important decisions. One of the most common of those tools and strategies involves including a living trust in your estate plan. Although you will need to discuss your unique need and goals with your estate planning attorney before deciding if a living trust should be part of your comprehensive estate plan, the estate planning … [Read more...] about Reasons to Include a Living Trust in Your Estate Plan
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Do I Need to Update My Estate Plan When I Retire?
If you have an estate plan in place you are better prepared than over half of all Americans, according to the most recent surveys. For that plan to continue to protect you and your loved ones as intended, however, it needs to be updated from time to time. Knowing how often to review your estate plan, and when a life event should trigger an immediate revision, is the key to a successful estate plan. As you enter your retirement years, for example, you should take the time to update your existing … [Read more...] about Do I Need to Update My Estate Plan When I Retire?
The Basics: Powers of Attorney for Healthcare
Powers of Attorney are part of even the simplest estate plan. A Power of Attorney allows your Agent to act for you. There are Powers of Attorney for financial matters and also those for health care. This article concerns the Healthcare Powers of Attorney and Advance Directives. Read on to learn more … [Read more...] about The Basics: Powers of Attorney for Healthcare
The Basics: “HIPAA” Powers
This is the second in a three-part series of articles on Powers of Attorney. The first article examined the Financial Power of Attorney. This second article examines the Healthcare Power of Attorney and Advance Directive. Read on to learn more … [Read more...] about The Basics: “HIPAA” Powers
The Basics: Financial Power of Attorney
Powers of Attorney are part of even the simplest estate plan. A Power of Attorney allows your Agent to act for you. There are Powers of Attorney for financial matters and also those for health care. Read on to learn more … [Read more...] about The Basics: Financial Power of Attorney
Will Medicaid Pay for Home Health Care in Illinois?
In the United States we enjoy one of the longest average life expectancies in the world. That means that you can look forward to leaving well into your retirement years and beyond. While we now live, on average, almost twice as long as we did just a century ago, the natural aging process continues to cause physical and mental deterioration as we age. Consequently, there is a good chance that you will reach a point where living alone becomes problematic. At the same time, you may not feel that a … [Read more...] about Will Medicaid Pay for Home Health Care in Illinois?
What Is the Medicaid Minimum Monthly Maintenance Needs Allowance?
One of the most important components of any comprehensive estate plan is a long-term care planning component. Planning for the likelihood that you (or a spouse) will need long-term care ensures that you can pay for that care when the time comes. If you are concerned about how your spouse will fare financially if you enter a LTC facility, a better understanding of the Medicaid spousal impoverishment rules may put your mind at ease. Toward that end, the Henry County Medicaid planning attorneys at … [Read more...] about What Is the Medicaid Minimum Monthly Maintenance Needs Allowance?
Reasons You Might Need an Elder Law Attorney
With the rapid increase in the older population in the United States, legal issues related to the elderly and to those who care for them have taken on a heightened importance. Given that elder law is such a relatively new area of the law though, you may not even recognize the need for an elder law attorney. To help you know when you need one, a Davenport elder law attorney at Nash, Bean, Ford & Brown, LLP discusses common reasons why you might need an elder law attorney. The Need for … [Read more...] about Reasons You Might Need an Elder Law Attorney
Coronavirus and Nursing Homes
The novel coronavirus, COVID-19, is spreading in the United States and across the globe. Social distancing and self-quarantine can help slow the spread. The virus is a particular threat to residents of nursing homes. Read on to learn more about the threat and how you can keep your loved ones safe. Read on to learn more … [Read more...] about Coronavirus and Nursing Homes
What Is a Medicaid Trust?
If you do not yet have a Medicaid planning component in your estate plan, you should consider adding one. Although you may have never before needed to rely on Medicaid, that could change when you reach your retirement years. In fact, a Medicaid planning attorney at Nash Bean Ford & Brown LLP explains what a Medicaid trust is and why you might need one. Why Do I Need to Worry about Medicaid? If you (or a spouse) need long-term care (LTC) at some point, there is a good chance you will need … [Read more...] about What Is a Medicaid Trust?
