Trusts have many uses. Perhaps the most important is that they can provide privacy at death. Garry Shandling is thought to have used a trust to provide privacy for those he left behind. Trusts for Privacy … [Read more...]
6 Important Estate Planning Considerations – Part 1: Incapacity
One of the most important considerations in an estate plan is incapacity planning. This article describes how an estate plan provides incapacity planning and the documents which may be used to accomplish that planning. It also looks at how having a plan in place may relieve stress during an emergency. 6 Important Estate Planning Considerations – Part 1: Incapacity … [Read more...]
Recent Court Ruling Provides Elder Law Lesson
Sometimes you hear about an elder law court case and though the outcome may not be favorable to a particular party it can open your eyes to some of the mistakes you can make. Just such a case was recently ruled upon in the state of Kentucky. Given the fact that the cost of long-term care is out of reach for a high percentage of individuals you have to take steps to prepare yourself in advance. One way to proceed is to purchase long-term care insurance. Though it can be expensive it can be a … [Read more...]
Can Long Term Care Insurance Help You?
Long term care (“LTC”) is inevitable for many Americans. With this type of care comes a hefty price tag. As you plan for your retirement you should also consider how you will pay for extended care. One option is LTC insurance, which is private insurance used primarily to fund all or part of nursing home or at home care. Pay for the Care of Your Choice Long term care insurance provides you with more possibilities for your care needs. Basically Medicare covers hospital costs. Generally, … [Read more...]
