Using a Roth IRA as an Estate Planning Tool
A Roth IRA does not have to be used as just a retirement plan; it can also be a way to transfer assets tax-free to the next generation. Unlike a traditional IRA, contributions to a
The Saga of Clarence and Elsie
The story below illustrates the importance of including long-term care considerations as part of your retirement and estate planning. What happened to this unfortunate couple has sadly happened to many others and could happen to
Children Are Liable for Unpaid Nursing Home Bills of Parents Even If They Never Got Any of the Money
Sam, Mary’s son and agent under her power of attorney, didn’t bother to seek legal advice after Mary entered a nursing home. “She only has $70,000. There’s nothing we can do”, he told his sisters.
Family Caregiver Agreements – An Alterantive To Nursing Homes
70% of all Americans over age 65 will need some form of long-term care. A properly-structured Family Caregiver Agreement provides an alternative to placement in a facility and to the impoverishment that comes with it.
Stop: Don’t Designate Your Investments As “Transferable On Death”
After his wife died Frank, a retiree, updated his estate planning. His new will passed his estate in equal shares to his three children. Most of his assets consisted of investments managed in a brokerage
How Does Medicaid Treat Spouses of Nursing Home Residents?
Medicaid is the only public benefit program that pays for long-term nursing home care. Medicare and private health insurance don’t. But in order for Medicaid to pay you’ve got to be broke. Worse yet, if
Monthly Newsletter | Elder Law Alert
2017
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