Here are 5 estate plan “must haves” you should have covered, no matter your age. Learn more in this special presentation.
In early May, 2015, the New Hampshire House of Representatives announced new legislation that meets a number of objectives, including keeping Medicaid payments to nursing homes current as well as a budget to be used for helping older citizens to remain in their homes.
From stronger safety protections to easier ways of replacing lost Medicare cards, these are changes that are long overdue. For years, there have been calls to remove a patient’s Social Security number from his or her Medicare card. Learn more about big changes for Medicare recipients in 2016 in this presentation.
Your estate plan should help your assets grow while you are alive, protect you and your loved ones in the event of your incapacity, and then provide for your loved ones when you are gone. The additional components you include in your estate plan can only be determined by consulting with your estate planning attorney; however, Medicaid planning is something from which almost everyone can benefit.
A comprehensive estate plan protects and grows those assets while you are alive as well and maximizes the value of the estate that is passed down to loved ones. To create a comprehensive estate plan you need to understand the impact federal gift and estate taxes may have on your estate.
Facing the realty that it may be time to consider guardianship and/or conservatorship over a parent is never easy. In fact, it may be the most difficult decision you ever make; however, failing to act could put your parent at greater risk of serious injury and/or victimization.
While age alone can lead to incapacity, the reality is that incapacity can strike anyone at any time. Because the possibility of becoming incapacitated exists for everyone, it is wise for everyone to include incapacity planning in their comprehensive estate plan.
Choosing the right Executor can save your estate, and your loved ones, time and money while the wrong Executor can hold up the probate process and deplete estate assets. Learn more about last will and testament in this presentation.
A Will has the ability to completely distribute the entire estate of the Testator Therefore, when someone dies, one of the first things that is done is to search for the decedent’s Will. If located, the Will is submitted to the appropriate court to initiate the probate of the estate. Learn more about contesting a will in this presentation.
The following figures relating to nursing home abuse and neglect were published by the National Center on Elder Abuse NCEA. 5 million — The number of people in long-term care in the U.S. in the year 2016, up from about 1 million in the year 2000. 27 million – the number of people that will live in a long-term care setting by the year 2050. 1 in 3 — number of nursing homes that have been cited for a federal violation that has the potential to cause harm or that has caused harm. 44 % — percentage of nursing home [Read more…]