What is "funding" your revocable living trust? Funding your trust is the process of transferring your assets from you to your trust. To do this you change the title of your assets to the name of your trust. How difficult…
In long term care asset protection planning, there are three questions to ask of how we are going to pay for our care: 1) Pay the costs out of your own pocket (decreasing the size of the estate your children…
The Merck Manual of Health & Aging offers the following strategies for avoiding caregiver burnout: Learn about the cause, symptoms, and course of the person’s condition. Anticipate changes. Let the older person make his own decisions and solve problems if…
Do you know what happens with your assets if you pass away without a will? Do you wonder if the State will take ownership of your assets? If you die without a will, assets that are owned in your individual…
It can be difficult caring for a parent or a loved one from another city or even state. Here are 3 practical tips that should help you find people and services that can help. Be Observant - Is your loved…
Mistake #1: Relying solely on a will or a living trust. A will takes effect only upon your death, and a living trust, although preferable in some cases, will not protect your assets from the government and nursing homes. Mistake #2:…
There are three principal goals of the Life Care Plan that we help you develop and implement: We help you or your loved one get good care, whether that care is at home or outside the traditional home setting such…