Keeping Mom and Dad Safe at Home

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...]

Update on Virginia Life Estate Law

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...]

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...]

Medicaid Asset Protection

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

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 legislation that instructs DMAS (the … [Read more...]

The Living Trust PlusTM Asset Protection Trust

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

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...]

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