Because of the fact that Medicare won't pay for long-term living assistance the Medicaid program is used by many Americans to cover long-term care costs. There is a $2,000 upper resource limit, but a lot of your valuables don't count toward this figure such as your home and your vehicles. In addition, the healthy or community spouse can keep his or her half of shared resources up to a limit that stands at $113,640 in 2012. You cannot find out that you need long-term care one day and … [Read more...] about Three-Year Look-Back Proposed for Veterans A & A
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Indianapolis Estate Planning Seminars
Free advice can be a bit dangerous to accept under certain circumstances. However, sometimes genuine expertise is available to you in a readily accessible and cost-effective manner. Just such an opportunity is presenting itself over the next couple of weeks here in the Indianapolis area. Our firm is going to be presenting some very informative seminars throughout the month of September and we would like to invite all of our readers to attend. At our seminars you will find out … [Read more...] about Indianapolis Estate Planning Seminars
Legal Struggle Left Holm Estate Lacking
You might think that an actress who had the longevity and the success of Celeste Holm would leave behind quite a financial legacy. However, it is being reported that the former Academy Award winner, who passed away on July 15 at the age of 95, had exhausted most of her savings. How did this happen? It appears as though the legal struggle that she was engaged in with her two sons in the years preceding her death consumed the majority of her resources. Celeste Holm was reportedly … [Read more...] about Legal Struggle Left Holm Estate Lacking
Late Artist Kinkade's Wife, Girlfriend at Odds
Estate planning lawyers are always going to remind their clients about the need to make the appropriate estate plan revisions. There are certain life changes that make updates necessary, and one of them is a change in marital status. We can often gain insight into the pitfalls that go along with a lack of proper planning when we hear about celebrity cases. With this in mind let's take a brief look at the estate of the deceased artist Thomas Kinkade. Kinkade, the so-called … [Read more...] about Late Artist Kinkade's Wife, Girlfriend at Odds
Alzheimer's: Gait May Provide Warning
If you are wondering why you should have to concern yourself with incapacity planning you would do well to know a bit about Alzheimer's disease. This horrible disease is extremely destructive, and it is in fact the 6th leading cause of death in the United States. The Alzheimer's Association tells us that approximately four out of every ten individuals who are at least 85 years of age are suffering from the disease. Early onset is a problem as well, with 13% of people 65 and up being … [Read more...] about Alzheimer's: Gait May Provide Warning
Living Trust is a Viable Option
When you think about "trust funds" you may immediately envision people who come from extraordinarily wealthy families. If you are in fact in possession of a significant store of financial resources you may well want to start a trust or trusts for the benefit of your loved ones. However, a living trust may be a viable option for you even if you would not consider yourself to be well-to-do. These trusts provide some advantages over the utilization of a last will, and you may find … [Read more...] about Living Trust is a Viable Option
Diminutive Pooch May Be Just What Doctor Ordered
When you look around the house as a senior citizen and find it empty day after day it can take a toll on you. People are generally social by nature, and loneliness can lead to depression. While you cannot turn back the hands of time you can remain positive and take steps that are within your control to improve your quality of life. One way of doing so would be to get yourself a dog. There are two objections that you could have as a senior citizen. The first one may … [Read more...] about Diminutive Pooch May Be Just What Doctor Ordered
Children, Wife of Shelby at Odds
The legendary race car driver and automobile designer Carroll Shelby passed away in May and the news reverberated sadly throughout the automotive community. Shelby was larger-than-life and though he left us at the age of 89, his legacy will persist into perpetuity in the form of his automotive masterpieces. Shelby left behind a widow named Cleo, who was his seventh wife. Cleo feels as though she is in possession of valid advance directives that give her the right to dispose of her … [Read more...] about Children, Wife of Shelby at Odds
Retirement Planning: Consider Tax Responsibilities
A lot of people have visions of Florida sunshine in mind when they think about retirement. Indeed, the mild weather is certainly part of the appeal of relocating to Florida after you put your working years behind you. There are however financial motivations to retire to Florida and other states that offer favorable environments to retirees. When you are living on a limited fixed income you have to stretch your dollars as far as they will go. Paying ever-increasing taxes is … [Read more...] about Retirement Planning: Consider Tax Responsibilities
Make Sure Your Estate Plan is Airtight
Some people buy into the idea that you can purchase generic legal documents online and plan your own estate. The the fact is that you can indeed pay the hefty charges, download the documents, and fill in the blanks. Whether or not they will actually be legally binding and ultimately uphold your true wishes is anyone's guess. It is important to have your estate plan constructed by an experienced professional so that there are no openings that can be utilized by disgruntled parties … [Read more...] about Make Sure Your Estate Plan is Airtight
