Medical care for an elderly individual can have major financial implications for both spouses in a marriage. While Medicaid exists to help pay for long-term care, you may wish to know if your Medicaid plan can support your partner back at home. Determining Medicaid...
Month: February 2022
Do you need a power of attorney if you have a living trust?
Even though a dementia diagnosis is likely to stop you in your tracks, you are not alone in the future you face. In fact, the Centers for Disease Control and Prevention estimates that roughly 6.8 million Americans are living with dementia. About 200,000 of these are...
How may I leave my assets to an adult with special needs?
Your estate planning could include a trust that manages assets for an adult requiring lifelong care. The AARP notes that you may create a special needs trust to provide for a beneficiary who has a disability or an injury. Before you die, you could set up a support...
What is a letter of intent or guidance?
Planning for the future is critical when you have a special needs child. You have to be sure that once you are no longer here there will be someone to take care of him or her. While you certainly should get all the legal matters, such as a trust or will, in place, you...