Your will is like a car—it can require regular maintenance to remain highly effective. Life circumstances change with time, and your will also need to be modified accordingly. Below are some top reasons why you need to update your Sanibel will:
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A part of retirement is that most retirees end up in nursing homes. Living in the comfort of your own home is what you may desire as you age, but unfortunately, chronic ailments may make it difficult for you to live independently without seeking daily assistance. Therefore, nursing homes become the best option even though they are expensive. Without proper financial planning, you may not be able to afford to live in your own home or nursing home. Below are some ways to pay for nursing homes.
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If you are here, you have probably heard of government-subsidized health care but it can be difficult to distinguish between the various federally funded programs. So what is Medicaid? Created in 1965 alongside Medicare, Medicaid was part of Lyndon Johnson’s Great Society program. Since then, Medicaid has become an integral part of the American life.
Medicaid is a federal-state program that helps pay long term medical and custodial care costs.
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Couples always promise to support their spouse in both sickness and health, but the obligation never stops at that. Once married, there are certain responsibilities and rights that they have that single persons do not possess. Marriage brings both legal and financial benefits, along with duties. In most cases, marital responsibilities and rights will go on even the marriage ends- either through divorce or death. In Florida, the surviving spouse is entitled to receive rights and benefits from the deceased spouse.
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Medicaid offers health coverage to more than 65 million Americans, including eligible low-income adults, pregnant women, children, elderly adults, and persons with disabilities. This program is administered by states, according to the federal requirements. Medicaid is funded jointly by the federal and state governments.
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Medicaid is a program that offers healthcare coverage to almost 60 million people who are unable to pay for medical care services. These are US citizens or any eligible immigrant with low income. It targets senior citizens with 65 years of age and above as long as they are eligible for the program and covers all the required medical services inclusive of custodial care or skilled nursing care.
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Estate planning is the methodical way of organizing personal affairs and financial matters to ensure that the future possibility of certain death and mental incapacity is taken care of. Your initial estate plan includes either four or five vital estate planning documents that are legal depending on the family’s current situation and its financial situation. Apart from all these important documents, your state laws may dictate the different estate planning documents created. Therefore, an estate planning attorney may guide you with all the preparation of the estate planning documents needed in the situation.
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Estate planning documents like wills do not expire but may become out-of-date and obsolete if they aren’t reviewed regularly. Even though you may have not experienced significant changes in your life recently, your North Fort Myers estate planning attorney recommends going over your will every year to guarantee the will still reflects accurate instructions regarding your estate.
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Long term care is a subcategory of elder care dealing with the financial aspects of living in an assisted living or retirement facility. Many people don’t realize long term care is included in estate planning because it encompasses what happens to a person’s assets when they pass away. In addition, long term care advice provided by estate planning attorneys is designed to protect assets in a way that extends cash reserves as much as possible.
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According to Title XXX, Chapter 429 of Florida’s statutes regarding the rights of assisted living residents in Florida, all residents cannot be deprived of their legal or civil rights, privileges or benefits guaranteed by the Constitution of the United States and the Constitution of the State of Florida. Some of the most important rights listed in the statute include:
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