When you discuss estate planning with laypeople that have a little information, you may hear bits and pieces that can give you the wrong idea. In a lot of instances, they revolve around the concept of probate avoidance. Estate Administration Probate is a legal process that would enter the picture if you use a last will to arrange for the transfer of your assets. The probate court would provide supervision during the estate administration phase. This process would take eight or nine months … [Read more...] about Probate Avoidance Is Not the Only Consideration
Legacy Planning: Leave a Piece of Your Heart
Most people focus purely on monetary matters when they consider the subject of estate planning. This is certainly understandable, and it is important to suitably provide for your loved ones on this level. At the same time, you could take a more comprehensive approach and engage in the process of legacy planning. This would include leaving behind important pieces of your heart, mind, and soul. Ethical Will Throughout your life, members of your family have invariably come to you looking for … [Read more...] about Legacy Planning: Leave a Piece of Your Heart
Recognize the Importance of Medicaid Planning
If you have never looked into the subject of long-term care and the costs that go along with it, you are about to obtain some very important information. In this blog post, we will explain why Medicaid planning is something that should definitely be on your radar. Limitations of Medicare If you work and pay taxes for at least 10 years, or if your spouse has done this, you will qualify for Medicare when you reach the age of 65 under currently existing laws. This health insurance program for … [Read more...] about Recognize the Importance of Medicaid Planning
