Elderly parents generally prefer to remain living in their own homes as long as possible. However, remaining in their homes becomes a concern when children see their parents slowing down or starting to have trouble with handling … [Read more...]
Planning for Long-Term Care (Part 3)
February 26, 2009 by Leave a Comment
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...]
Medicaid Asset Protection
August 22, 2008 by Leave a Comment
What is Medicaid Asset Protection? Medicaid Asset Protection is the process of protecting assets from having to be completely spent to pay for the devastating expenses of long-term care, while helping to ensure that you (or your … [Read more...]
Life Estate Law Changing Soon
June 16, 2008 by Leave a Comment
See update on this article here.In Virginia, a life estate in real estate has always been treated as an exempt asset for the purposes of Medicaid eligibility. Unfortunately, the Virginia General Assembly recently passed … [Read more...]
The Living Trust PlusTM Asset Protection Trust
September 1, 2007 by Leave a Comment
A typical revocable living trust protects your assets from the expenses of probate, but does not otherwise protect your assets. Evan Farr's Living Trust PlusTM Asset Protection Trust is a living trust that not only protects your … [Read more...]
Charitable Donations From an IRA Offer New Opportunity
November 13, 2006 by Leave a Comment
For those wishing to make charitable donations from their IRA accounts, dealing with the resulting tax issues just got a lot easier. In August, Congress passed, and President Bush signed, the Pension Protection Act of 2006. Touted … [Read more...]
