Is spending all my assets the only way to pay for nursing home care? No, there are a number of alternatives. One is long-term care insurance. Depending upon your health and the cost of such insurance, it can help pay for at least a part of the expense of assisted living or skilled nursing home […]
It’s Q & A Tuesday!! Question – Who should I pick for my medical power of attorney? Answer – First, it is critically important that you do pick someone. There needs to be a person named to make medical decisions for you if you are unable to communicate for medical reasons. That person is separate […]
It’s Q & A Tuesday!! Question: Do I still need a will if I have a trust? Answer: Always!!! If a trust is to distribute what you leave behind when you pass away, a will—known as a “pour-over” will—is necessary as a safety net: it will make sure that what you have not placed in […]
Thanksgiving is a time for giving thanks and for appreciating your family and friends. In particular, it can be a good time to thank those people whom you’ve asked to serve in important roles in your estate plan. Thank your agents under your powers of attorney and your successor trustees.