Medicaid is an important source of long-term income coverage for Americans who lack access to affordable health insurance. However, to qualify Medicaid, the applicant cannot have transferred property without the last five years. This can complicate matters if you want to leave your house to someone in your will. That is when a Lady Bird …
The hard part is over—you have taken the time and effort to put together a Texas estate plan that works for you and your loved ones. Great job! But there are still important things to get organized that will help down the line beyond your paperwork. Increasingly, individuals are spreading out their assets and other …
Many of us wonder about the right time to start or adjust estate planning. While, most estate planning professionals can’t agree on a specific age that you should consider working on an estate plan, there is a school of thought that believes that the sooner, the better when it comes to deciding what will happen …
Top Five Life Events that Require Estate Planning Read More »
Estate planning on behalf of an incapacitated spouse, parent or sibling can be painful and confusing. However, an individual’s capacities can change a lot over the years with illness and aging. When a loved one can no longer make sound decisions, it might be wise to have someone else (known as the agent) make the …
Appointing an Agent: Powers of Attorney, Guardianships and Conservatorships Read More »
Few of us want to think about a future where we may not be able to make our own decisions about our finances. Yet many people over 65 find themselves with physical illnesses that limit their ability. That is why incapacity or disability planning is so important. Without proper planning, your family and loved ones …
There are many financial assets that will not automatically pass through a will. These include life insurance policies, retirement accounts, and other non-probate assets. For many people, these types of assets make up most of their net worth. There are many ways to ensure that these assets go to the right people upon your death. …
Beneficiary Designations: When A Change is Necessary Read More »
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