October 2019

Clarence and Elsie were the envy of all who knew them.  Friendly, kind, and content, this happily married couple were sometimes asked for the secret to their long and happy life together.  “We never argued about money,” replied Clarence. “We worked hard, spent prudently, saved, and invested wisely with professional help.”  Observed Elsie, “We put our kids through school, paid for their weddings, and managed to set aside a nice little nest egg.  Now, in retirement, we live comfortably without struggling to pay our bills.  We travel and we spend quality time with our grandchildren. What’s to argue about?”

According to the U.S. Department of Health and Human Services, 70% of people who reach age 65 will need some form of long-term care during their lives.  “Long-term care” refers to those services and supports that might become necessary to perform everyday tasks and personal care needs. Determining the Level of Care Everyday tasks, sometimes

Among the many challenges for families is making sure there will always be enough money to provide lifetime care for their special needs children. The costs are daunting: therapies, housing, medical care, and education, to name just a few. One way to plan for this challenge is to set up a special needs trust. Families of

With careful Medicaid planning, you may be able to preserve some of your estate for your children or other heirs while meeting Medicaid's low asset limit. The problem with transferring assets is that you have given them away. You no longer control them, and even a trusted child or other relative may lose them. A safer