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Important Steps to Complete a Medicaid Application

For years, Medicaid has been helping countless people get the care that they deserve. This state-administered program was designed specifically for disabled and low-income U.S. citizens as well as legal aliens to help get the hospital care and doctor services…

Understanding the Guardianship Process For a Loved One With Disabilities

If you are caring for a loved one with disabilities who is currently under the age of 18, the idea of them reaching adulthood may seem overwhelming. As their loved one, you likely want to continue being able to care…

Essential Tips for Talking to Your Loved One About Your Estate Plan

Creating an estate plan for you and your spouse can often be a challenge. You want to make sure that your loved ones are taken care of when you are gone, yet discussing this delicate topic can often be both…

Preparing an Inheritance for Your Child With Disabilities

When it comes to estate planning, many parents find there are a number of considerations they will need to take in order to make certain their children are being taken care of. For parents who have a child with disabilities,…

Retirement Tips and Answers to Tough Questions

In a recent article, "When the 5-Year Clock Starts on a Roth IRA," The Wall Street Journal provides some great information about Roth IRAs and moving when you retire. Let's first look at the "five year" rule for withdrawing funds…

What You Need to Know About Donor-Advised Funds

Americans are always very charitable. This year you may hear about the boom in donor-advised funds, which are charitable giving tools that allow you to take tax advantages now but wait with disbursements. A recent report from CNN Money, "Everything…

The Cost of Caregiving

Over a recent 12-month period, more than 43 million adults provided care for a vulnerable family member or friend—the contribution to family and society is staggering. One report puts the annual value of unpaid caregiving just for the elderly at…

92-Year-Old Media Mogul’s Health and Succession Plan Closely Watched

Viacom Chief Executive Philippe Dauman sought to calm investors worried about the ailing health of Executive Chairman Sumner Redstone, as well as the future of the media empire he controls. Redstone is the controlling shareholder of both Viacom and CBS…

Prepare your Estate Planning Now to Help Loved Ones Later

In order to protect your loved ones and ensure that your intentions are clear and carried out, you must do some more planning now, and you’ll need to share your thoughts with your family. The Arkansas City Traveler’s article, “Planning…

DEALING WITH THIRD-PARTY TRUSTS IN DIVORCE

The importance of protecting assets through trust can't be overstated. We've often written about this in the context of the value trust creation delivers in terms of providing a tax shelter and also allowing beneficiaries to avoid the hassle of…