Trusts can play an important role in estate
planning for several reasons. If you are looking into estate planning, or are starting
the process, it is important to understand what a trust can do for you, and the
different types of trusts available. As with anything to do with estate
planning, an experienced estate planning attorney at the Mattar Firm who deals
in these matters will be able to assist you, and make sure you’re making the
decisions best for you.
Nearly one in 10 veterans rely on Medicaid for the primary and specialty healthcare they need. In fact, 1.75 million veterans use Medicaid in some form to cover their medical issues. Medicaid is a safety net for veterans, providing insurance to those who do not have it, and supplementing those who do have insurance, or have Medicare. While veterans may be eligible for Medicaid, there are certain things to take into consideration, things that civilians do not have to worry about.
We all value our ability to make
choices and determine our own outcomes when it comes to financial and health
matters. However, there may come a time for each of us when we are unable to
make these decisions.
No one wants to think about a time
in our lives when they will need long-term care. In many cases, most people do
not think about long-term care planning until a loved one needs it or they need
it. By then they may have missed an opportunity for better options, more
resources, and more information to make decisions off of. Thinking about the
unthinkable, and making a plan, gives you a lot more options, and lets you have
more of a say in you and your spouse’s lives when the time comes for long-term
A special needs trust can provide
peace of mind for families caring for a loved one with a disability. For some
people with a disability, a special needs trust is just one way their lives may
be enhanced. A special needs trust works by maximizing the resources available
to them. While it preserves eligibility for programs like Medicaid and
Supplementary Security Income (SSI), it may also help pay for quality of life
things that will make life better for the disabled person. Below we will take a
look at who qualifies for a special needs trust, and how the process works.
As we age, the possibility that we may end up
in assisted living or a nursing home rises. It’s part of growing older,
unfortunately. But what’s the difference between the two? And which one is
right for you? Read on, as we take a look at the differences between assisted
living and nursing homes.
For a loved one who is aging, or in poor
health, a healthcare proxy can be an important thing. That being said, it’s
also somewhat confusing, and not everyone knows what it means, or what a
healthcare proxy does. We will try to explain all of that and more, as we delve
into what a healthcare proxy is, why they are named, and how you can handle
After someone dies, their estate enters
probate, which is the court-supervised process in which the deceased’s assets
are distributed to bill collectors, taxes, and inheritors. While it’s
court-supervised, the court usually won’t get too involved, unless there is
fighting among family over the estate, or creditors have issues.
Being designated power of attorney by a
relative is an important duty, to be carried out on a trustworthy and honest
fashion. The position allows you to make decisions on the person’s behalf
should they be unable to them self, due to being incapacitated, old age, or
As we grow older, the possibility that a
spouse may need long-term care in a nursing home grows. While it’s a tough part
of life to face, there are other questions that go along with it, as well.
Among the main concerns is protecting your assets, should a spouse end up in a
nursing home for long-term care.