In June of last year, I wrote that "in the near future, life estates will no longer be considered exempt assets when applying for Medicaid." This was due to the fact that the Virginia General Assembly had recently passed … [Read more...]
Updating Your Estate Plan When Your Finances Change
In the recent economic downturn, many homes have lost considerable value and stock portfolios have plummeted. If this is the case for you, as it is for many of our clients, you may need to change your will or amend your living … [Read more...]
Government Program Pays Family Members for Taking Care of Mom and Dad
Looking for a way to help Mom and Dad pay for Home care or assisted living? Perhaps you are their caregiver. Wouldn't it be nice to receive some extra income to help you provide their care? There is financial help available for … [Read more...]
Too Soon Old
A very touching poem has been winging its way across the Internet for a couple of years now, but I just recently read it for the first time. Often entitled "Crabby Old Man," you may have already seen it, but it's worth another … [Read more...]
Planning for Long-Term Care (Part 3)
In Part 1 of this series I outlined the necessity to create a good Long Term Care Plan and in Part 2 I discussed the three most essential documents found in that plan. The first essential document is a General Power of Attorney … [Read more...]
Planning for Long-Term Care (Part 2)
"Long-Term Care" refers to the broad spectrum of medical and support services provided to persons who have lost some or all capacity to function on their own due to a chronic illness or disabling condition, and who are expected to … [Read more...]
Planning for Long-Term Care (Part 1)
Are you one of the millions of Americans who made a New Year’s Resolution to plan for long-term care? Have you started it yet? As financially responsible adults, most of us are prepared for some unexpected disasters – we pay for … [Read more...]
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