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When a loved one passes away, the administration of their estate can be complex—especially if they resided in one state but owned property in another. This situation often triggers what’s known as ancillary probate, a secondary legal process to administer the out-of-state property. For example, if someone died while residing in Florida but owned real […]

One area that causes a lot of confusion regarding Medicaid is the look-back period. What exactly does it mean for applicants? Unlike Medicare, Medicaid is a means-based program. In other words, you are only eligible for Medicaid if you have very few assets. The government does not want you to transfer all your assets on

A diagnosis of dementia, a category of diseases affecting memory and thinking that includes Alzheimer’s disease, can feel overwhelming and upsetting. You might worry that you will lose control over your life and ability to make your own decisions. Fortunately, receiving a diagnosis of dementia or Alzheimer’s does not mean that you cannot execute legal

Older people may need a trusted individual to step in and manage their affairs, should they ever suffer debilitating health problems like dementia, Alzheimer’s disease, and strokes. Adult guardianship can provide protection and assistance with certain decisions for an incapacitated individual — known as a “person under guardianship” — who may become unable to make

A Medicaid Asset Protection Trust (MAPT) is one option in the area of Medicaid Planning a person may consider to protect their assets from Medicaid and nursing homes or long-term care. What Is a MAPT? A MAPT is an irrevocable trust created during your lifetime. (Note that you cannot revoke irrevocable trusts after you have

The aging U.S. population means that more people will likely need nursing home care in the coming decades. Meanwhile, the cost of nursing home care is increasing — and expected to keep increasing. With the exorbitant cost of nursing home care, many families worry about depleting their loved ones’ life savings to pay for the