Choosing to create a living trust as part of your comprehensive estate plan is a very personal decision derived from your specific circumstances. There are some general reasons that apply universally that may drive this decision.
With today’s economic uncertainty, many investors are looking into cryptocurrency and non-fungible tokens (NFTs) as a means to diversify their portfolios. What these investors may not understand is that basic estate planning documents may lack the means to properly protect and transfer these digital assets.
Animals make great companions for senior citizens. Studies show having a pet provides many health benefits including alleviating loneliness, lowering blood pressure and increasing physical activity.
A set of reforms developed and implemented through the Department of Health and Human Services roll out to improve the quality of nursing home care. DHHS plans to hold nursing homes accountable for the care they provide and make issues more transparent.
When a relative dies, downsizes or moves into assisted living, you may find yourself needing to purge a lot of personal property items. One of the most effective ways to go about this is to hold an estate sale.
The Biden Administration announced on its website recently that some changes will be made to the Direct Contracting Initiative in the Medicare program. Many have criticized the current program, but rather than terminate it altogether, the administration is changing its name to ‘Global & Professional Direct Contracting Model’ and adding certain protections against abuse.
Many elderly people in today’s society worry about the younger generations. They argue that millennials and even Gen X, Y and Z do not have the work ethic needed to be beneficial to society.
When someone dies, certain required documents must be filed with Maryland’s Orphan Court. The Register of Wills then issues what is known as Letters of Administration.
State veterans’ homes are a joint venture between state veterans’ departments and the Department of Veterans’ Affairs. Subsidies come from the state, VA and other sources. Most state homes are nursing homes for veterans, but some homes may also provide assisted living and other care.
Typically, a special needs trust is set up for someone who has certain disabilities that allows him or her to receive government benefits. To qualify for many of these benefits your net worth and income levels must remain below specified thresholds.
