Some individuals in Kansas City may have made some steps towards creating an estate plan. However, without the right help, they may find themselves running into unexpected problems that could hurt them in the long run. First of all, one mistake is simply not having an estate plan at all. You may think that the […]
Don’t Have an Unplanned Exit in Your Business
Many people who own their own company assume that their family members may ultimately step in to manage the business . But what happens if your children or other family members are not interested in taking over the company? This puts you in a very difficult position especially if this is an unplanned exit. You can’t let […]
A well-rounded estate plan includes a variety of legal documents
Some people in Kansas City, when they hear the phrase “estate planning,” think of creating a will, and then end it there. However, there are many different kinds of documents that make up a well-rounded estate plan. That being said, there can be some confusion as to what these various types of documents accomplish. First […]
Prince’s Death Puts Estate Planning Into Perspective
Rock legend and superstar Prince was a worldwide celebrity, and his untimely death is truly tragic. Yet for all his wealth and fame, it appears he may not have had an estate plan in place, dictating how he wanted his millions passed on after he died. And he is not alone. Many individuals in Kansas […]
A primer on special needs trusts
Special needs trusts can be very effective estate planning tools. If you have a son, daughter, sibling or other relative with special needs (including physical disabilities, developmental delays or mental health conditions), there is a good chance that you are interested in leaving money for him or her as part of your estate plan. You […]
Preserving Medicaid eligibility: a vital part of long-term care
In order to preserve assets for loved ones and avoid jeopardizing benefits, it is important to plan for long-term care. Due to advances in such fields as medicine, agriculture, technology, housing and others, Americans are living longer, more fulfilled lives than ever before. This can even be the case after suffering a major health setback […]
One’s assets and income can affect Medicaid planning
It is a fact these days that although people are living longer than ever, nursing home care and other types of long-term care can be prohibitively expensive. Have you given much thought about how you will afford such care when the time comes? One option you may want to consider is applying for Medicaid. Medicaid […]
What benefits may be provided through Medicaid in Kansas?
All states, including Kansas, are responsible for creating and implementing a statewide Medicaid program. These programs determine the types of benefits will be available through the program, in what amounts and for how long, in accordance with federal guidelines. Specifically some types of benefits in general must be included in a state’s Medicaid program, while […]
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