Don't spend down to $2,000 and THEN apply! Medicaid is one of those words that can bring out powerful emotions in people. No one wants to go on Medicaid, but here is the reality, it provides health coverage to more than 4.6 million low-income seniors. And part of that healthcare is paying for seniors to live out their lives at home, in Assisted Living or Skilled Nursing … [Read more...]
Estate Attorney or Elder Care Attorney?
Who are you going to call? As we get older it is often recommended that we go to an estate attorney to prepare a will and other estate documents. Scary terms are thrown around like probate, estate taxes, trusts, per stirpes and statutory. We know that we want to take care of our family and other loved ones after we are gone, but what is the difference between an Estate and … [Read more...]
Durable Power of Attorney – What Authority Are You Giving Your POA?
Yes, You Can Limit Financial Decisions As we age, we are faced with issues that need our attention. We know that our wills and health care directives need to be in place. We need to have all our important documents available to our loved ones to avoid problems that we can no longer address ourselves. One of the easiest documents to provide is the Durable Power of Attorney … [Read more...]
How Long Should I Save Bills, Receipts, and Other Papers?
What should I do with mom and dad's financial statements, bills, important papers? In my work helping people with bill paying and organization, I continue to be surprised by how much paper people keep. Most needlessly hang on too many records and too much paper, including utility bills, credit card statements and receipts for years-old purchases. Before setting up files … [Read more...]
Keep Financial and Investment Information in One Place
The Value of an Estate Book We all know how difficult losing a loved one can be. For survivors, this grief can be compounded by frustration if the affairs of our loved one is in disarray. One way you can ensure family and friends do not experience this frustration, is to set up an Estate Book for yourself. Your Estate Book is a record of all your financial and investment … [Read more...]