Proper estate planning helps you be in control of your finances, set out your wishes for your estate when you pass away and helps protect your family from dealing with the frustration and expense of managing your affairs if you become mentally incompetent and when you pass away.
As you age, you may be concerned about how you would pay for long term care, whether it is in your home, an assisted living facility or a nursing home. Planning ahead for these costs can give you and your family options if care becomes necessary in the future.
Is a loved one in a nursing home and paying the costs from their life savings? Have you been told that you will have to spend everything until there is only $2000 left? We may be able to help you save much of your family's legacy so that it does not all have to be spent on care.
Wartime veterans may be eligible for additional benefits to help pay for care. Veterans who were injured while on active duty or suffer from a medical condition that started while they were in service may qualify for service-connected compensation benefits.
Do you have a child or other family member with special needs that may need government benefits in the future? Or perhaps they already receive some sort of benefit like Medicaid services? If you want to help provide for their care and future, you must take special care to make sure that your good intentions do not cause them to lose their eligibility to those benefits. Read more...