3 Things to Keep in Mind with Charitable Giving at Thanksgiving
Thanksgiving is not all turkey and football. It is an opportunity to be thankful for all we have and thankful that we can meet again to see how our plans are working out. It is also a time when many people focus more on charity. If this is true for you, keep these three things in mind.
Applying for Medicaid – How An Elder Lawyer Can Help
Are you applying for Medicaid? Maybe your situation is simple and you can handle the application yourself. Maybe you think the nursing home or a Medicaid planner will help you. Working with an elder lawyer will help you save more money in the long run.
Military Survivor Benefit Plans: Special Needs Trusts
Thanks to the National Defense Authorization Act of 2015, veterans can direct up to 50% of survivor’s benefits to a special needs trust. Read more for how they are funded and the requirements.
Bankrupted by Medical Costs in Retirement
We all know that inflation will eat away at our Social Security and whatever pension or retirement account we may have. Few of us realize that rising medical costs will affect us even more. An increasing number of American retirees are filing for bankruptcy. They’re bankrupted by medical costs in retirement.
Joint with Right of Survivorship?
Many people tell me that someone else is “on” their bank account. I have to ask them what this means. Is the person just a convenience signer with no right to the money? Is the person a joint signer with a right to withdraw all the money now and half of it after they die? Is the person a joint signer with right of survivorship with the right to withdraw all the money now and all of it after they die?
Did You Change Your Mind or Did Your Mind Change?
Did you change your mind or did your mind change? How can you tell? You can’t. So, how do you protect yourself from your changing mind? There is a way to protect yourself from your changing mind, reducing vulnerability to scams and your mind that may play tricks on you.
Do I Need a New Will?
An old Will is only outdated if circumstances have changed. If they have, you may not need a new Will. You may only need a Codicil. If you are wondering if you need a new will, these 15 questions will help you determine if your documents reflect your current reality.
Medicaid Estate Recovery Program: the New Death Tax
Texas has no estate tax. Texas has no inheritance tax. The federal estate tax exemption for a married couple has risen to $23.4 million. But many of us will pay a death tax called the Medicaid Estate Recovery Program.
Maybe You Don’t Need a Will
Writing a Will is a nice gesture. But, really, apart from a few mementos, what will you leave behind? Maybe you don’t need a will. Read more for reasons why you would not need a will in the state of Texas.
Talking About Death and Dying
Who wants to talk about death and dying? No one seems to want to talk about the process of dying with family members, let alone doctors. But we must in order to get what we want.
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