What Is the Medicaid Lookback Period?
As you age, it is important to think about issues like long-term care. Most people end up needing at least some care in their lifetime, but it is costly and you can deplete your savings quickly. If you want to protect some of your assets, Medicaid planning may be...
Do You Need a Trust?
A common question when individuals come in for an estate plan is whether they need a trust. Typically, they read an article or heard from someone that trusts avoid probate, reduce taxes, protect assets, and do all these wonderful things, so they should have one...
Should You Have a Medicaid Asset Protection Trust?
Long-term care is expensive and a substantial burden on many families. As a result, it is good to start thinking about how you will pay for care well before you need it. Nursing homes can easily run $100,000+ per year and hiring home care aides can be even more...
Could Your Business Be Saving on Taxes?
Your business taxes should be one of the key areas you review on a regular basis to ensure you are taking advantage of any laws in your favor. Federal, state, and local laws change often enough that you may not realize that you are missing out on substantial...
What Is Long-Term Care Insurance?
One option for paying for long-term care (LTC) is to purchase an insurance policy that covers those costs. Typically, traditional health insurance policies and Medicare provide very limited coverage. As a result, unless you can qualify for Medicaid, you must buy...
Does Your Business Have a Succession Plan?
Every business should have a succession plan that provides for what will happen to the company in the event of an owner’s death or disability. This is essential to maintaining the value of the business for heirs and co-owners (if you have any). If you are an owner...