It is possible to plan for long-term elder care by establishing a revocable living trust. This can be particularly beneficial for Medicaid planning. When most people in Kansas and elsewhere begin to think about estate planning, their minds are on providing for their loved ones after they are gone. It is understandable and admirable to […]
Buzz Aldrin Sues His Children and Alleges Misuse of His Finances
A Florida state court lawsuit involves Buzz Aldrin, who is suing his former business manager and two of his children alleging that they misused his credit cards by claiming that he has dementia and is not able to care for himself. His children filed a petition claiming that their father was suffering from delusions, confusion, paranoia […]
Tips For Those Have To File Taxes After A Loved Ones Death
After someone passes away, it is extremely important to send in a final tax return. If an individual passes away over the course of the year and he or she received income during that same period, then it’s final tax return must be filed, either by the heirs or an executor. If your spouse passes […]
How Do Medicaid Rules Differ For Home Care?
It’s no secret most Americans would prefer to remain living at home rather than living in a nursing home if possible. Additionally, home care is usually less expensive than full-time long-term care such as a nursing home. Because of this, every state has now enacted Medicaid programs that offer at least some level of home […]
Qualifying For Medicaid With a 401(k) or IRA
When planning for retirement, it is important to consider all of your financial assets, and to explore any impact those assets have on your eligibility to receive benefits, such as Medicaid. For many individuals, an employer-sponsored retirement plan – 401(k) or Individual Retirement Account (IRA) is the largest asset in their financial portfolio. Because these […]
What Is a Medicaid Asset Protection Trust?
Understanding when to use the Medicaid asset protection trust In a perfect world, no one would ever have to worry about how to pay for the cost of long-term care when they need it. Unfortunately, the high costs of long-term care make it difficult for people to save the money they need to pay for […]
Long-Term Care Options Covered By Medicare
As Americans are living longer, the need for long-term care continues to grow. Proper planning for this stage of life is important. As you plan for your future or that of a loved one, it is important to understand the long-term care options that are covered by Medicare. The Gardner elder law attorneys at Stockton & Kandt, […]
Five Reasons Business Owners Need Estate Plans
Business owners are notorious for engrossing themselves in the day-to-day management and functions of their businesses. As a business owner, you are likely the heart and soul of the company you lead. Your clients love you, and you have built unique relationships with your contractors and suppliers. Suppose, however, that tragedy strikes: You, as the […]
Why You Need a Skilled Medicaid Planning Attorney on Your Side
Having the guidance of a trusted Medicaid planning lawyer when structuring your assets to preserve them in the future is extremely important. Without a trusted advisor, there are many mistakes you could make that could affect your ability to qualify for Medicaid benefits if you need them in the future. Not being able to qualify […]
Are Children Responsible For Parents’ Debt After They Pass Away?
As you look to the future and discuss financial planning, you may wonder if children are responsible for their parents’ debt after they pass away. The answer to that question is that it depends. How debts and other financial obligations are satisfied after your death depends upon the types of debts and obligations that you […]
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