I Didn’t Take My Ex-Spouse Out of The Will

Estate Planning

Although never planned, divorce is a complication of life that affects many.  What happens if your Will leaves everything to your now ex-spouse because you never changed the Will after a divorce?  When you pass away, will your ex-spouse still get your...

 Will this Shortcut Help or Hurt?

Medicaid Planning, Medical Myths and Misconceptions

I occasionally meet with people who have chosen to transfer their home to someone else while they are still alive.  They do this by signing the deed to their home over to a child, spouse or someone else.  When the deed is signed over, that home – in many cases,...

 Don’t Deed Your Home to the Kids (Yet).

Estate Planning, Probate

People sometimes deed their property to their children while still alive in order to make sure the home goes to the kids after the parent has passed.  However, this shortcut often comes with significant unanticipated risks/costs. When a homeowner dies, the home...

 How Can I Pay for Long Term Care?

Long Term Care Planning

The statistics are intimidating. Seventy percent (70%) of seniors will need some form of long-term care. Neither Medicare nor the typical health insurance policy provides coverage for this need. Yet the costs can reach, or even exceed, ten thousand dollars a month. So...

What is Long Term Care?

Long Term Care Planning, Medicaid Planning

In my presentations, I stress the importance of preparing for “long term care” needs.  Long term care is not about hospitalization. In fact, it is not really even about medical care.  It is about the inability to provide for one’s basic personal needs, often called...