At some point, the mental and physical changes that occur as a result of the natural aging process may cause you to need the type of care that can only be provided by a long-term care facility. The high cost of long-term care, however, may cause you to turn to Medicaid for help. One concern many seniors have when considering Medicaid as an option is how relying on Medicaid will affect their spouse who plans to remain in the community. To help you better understand how relying on Medicaid might … [Read more...] about What Is the Medicaid Minimum Monthly Maintenance Needs Allowance?
Whom Do You Want to Get Your Assets?
Most of us have an idea whom we’d choose to receive our assets at our death. But often we don’t contemplate what should happen if the people whom we’ve selected die before us. Read on to learn more about contingent beneficiaries. Whom Do You Want to Get Your Assets? … [Read more...] about Whom Do You Want to Get Your Assets?
Keeping Your Estate Plan Details Private
Estate planning is a highly personal undertaking that often involves sensitive financial and legal information. As such, you may not want the details of your plan to become public knowledge – even after you are gone. Toward that end, a Salem estate planning attorney at Legacy Care Law Firm explains how to keep the details of your estate plan private. Probate and Your Last Will and Testament A Last Will and Testament is a legal document that communicates your final wishes pertaining to … [Read more...] about Keeping Your Estate Plan Details Private
Planning for the Sandwich Generation
The Sandwich Generation is torn between caretaking responsibilities for their minor children and their elderly parents. But first, they need to make sure they take care of themselves. Read on to learn more. Planning for the Sandwich Generation … [Read more...] about Planning for the Sandwich Generation
Estate Planning Terms You Should Know
Having a comprehensive estate plan in place protects you, your assets, and your loved ones. Creating that plan, however, can be an intimidating prospect given all the legal terms and concepts that are often involved during the process. To help make estate planning more “user-friendly,” a Salem estate planning attorney at Legacy Care Law Firm explains some of the most commonly used estate planning terms. Administrator – A person named by the court to represent a probate estate when there is no … [Read more...] about Estate Planning Terms You Should Know
Where Does Your City Rank among America’s Healthiest Cities?
When it comes to your health, where you live may be much more important than you realize. Some cities have made a concerted effort to provide residents with a healthy place to live, while other cities still have a long way to go. A New Hampshire estate planning attorney at Legacy Care Law Firm explains how your city ranks among the healthiest American cities. The WalletHub Study In order to find out how healthy American cities are, WalletHub compared more than 170 of the most … [Read more...] about Where Does Your City Rank among America’s Healthiest Cities?
Joint Tenancy Pros and Cons
Joint tenancy is a commonly used form of ownership between two or more people. It can be an easy solution. However, it can have drawbacks. Read on to learn more. Joint Tenancy Pros and Cons … [Read more...] about Joint Tenancy Pros and Cons
Best Places to Retire: State Taxation
You owe federal income tax wherever you live. But your overall tax burden can vary dramatically depending on where you live. Read on to learn more. Best Places to Retire: State Taxation … [Read more...] about Best Places to Retire: State Taxation
If You Hope to Age in Place You Need to Plan Ahead
If you are old enough to be seriously thinking about end of life care, it is crucial that you also plan for that care – particularly if you hope to age at home. A Nashua area elder law attorney at Legacy Care Law Firm explains why planning ahead is crucial if you hope to age in place. What Constitutes a “Good Death?” According to a recent New York Times article, people’s attitudes about what constitutes a “good death” have changed dramatically over the years. Around the turn of the 20th … [Read more...] about If You Hope to Age in Place You Need to Plan Ahead
Understanding Fiduciary Self-Dealing
While creating or updating your estate plan you will likely need to appoint more than one person to a fiduciary position. A fiduciary position is a position of trust -- and that trust can be broken. For example, a Trustee could break that trust be engaging in self-dealing. Knowing that, you should take as much time as is necessary contemplating your choice before deciding who the best person (or agency) is for the position. To help you understand the importance of choosing the right person for … [Read more...] about Understanding Fiduciary Self-Dealing
