Call Now For A Free Strategy Session (972) 366-7201
There are many different things to take into consideration when you are devising your estate plan. What is important for one person may not be important for the next, so you should understand the facts and act in a fully informed manner. Personalized attention is of great value, because your plan should be custom crafted… Read more »
Taxation is a very big factor to take into consideration when you are preparing your assets for future distribution to your heirs. There are taxes on asset transfers in the United States, and these death taxes can erode your wealth considerably as it is being passed on to succeeding generations. The federal estate tax looms… Read more »
As estate planning attorneys, we often encounter families who are suffering due to estate planning mistakes that were made by other family members. There is usually some type of damage control that can be done, but as they say, you don’t want to try to close the barn door after the horse has left. Let’s… Read more »
Most senior citizens will require help with their day-to-day needs at some point in time. This is a fact of life that you should be well aware of when you are looking ahead toward your retirement years. Though you will qualify for Medicare coverage at the age of 65 if you worked for any length… Read more »
You may be aware of the fact that the Medicaid program is a health insurance safety net for people with very limited financial resources. The limit on countable assets is just $2000 for an individual. If you have never been financially needy, you have probably gone through life with the understanding that Medicaid will probably… Read more »
The Medicaid program will pay for long-term care. You may hear this statement and shrug your shoulders, because you will never qualify for Medicaid, and you will qualify for Medicare by the time you require living assistance. This reaction makes sense on the surface, but when you dig into the facts, you will see a… Read more »
Anyone who has ever served honorably in the United States Armed Forces has done a great deal for our country, and veterans deserve rewards for their service. However, the matter is even more profound when you have served your country during a time of war. This is the ultimate sacrifice. If you have served our… Read more »
When you hear the term “nursing home asset protection,” you may scratch your head a bit. First of all, you may assume that it is unlikely that you will ever need nursing home care. Secondly, you may be under the impression that Medicare will pay for nursing home care if you ever need it. In… Read more »
Medicaid is a need-based, government run health insurance program that pays for most of the nursing home care that is received by seniors in the United States. As a result, Medicaid planning is important to a significant percentage of seniors, but some people do not understand why. It can be difficult to seriously consider contingencies… Read more »
Nursing home costs can be a source of concern if you are an adult with parents who are getting on in years. In fact, the majority of elders will someday need help with their activities of daily living, and it is very expensive. The median annual cost for a year in a nursing home nationally… Read more »
