Each day almost 10,000 U.S. residents turn 65 years of age. Those 65 and older will make up roughly 20 percent of the total U.S. population by the end of this decade.
Private insurers contract with the federal Medicare program to offer limited insurance coverage of prescription drugs for qualifying elderly and disabled persons. This is known as Medicare Part D.
If you have created a will but have lost track of it problems can arise as the Napa Valley Register discusses in its column "Is lost will still valid?," where a couple had questions on what might happen to their will.
A power of attorney document names someone you trust to act on your behalf. The language used in the document will determine the powers given to the trusted individual and the circumstances in which the power is conferred.
All parents weigh very important decisions when it comes to their children’s future and well-being. Creating an estate plan allows parents to voice those decisions and help ensure specific instructions are carried out even if the parents are no longer available due to death or incapacity.
Medicaid is a health insurance program for low-income individuals funded by federal, state and county funds. Certain children, elderly, blind and/or disabled who are U.S. citizens, nationals, permanent residents, or legal aliens may be eligible to receive payouts from Medicaid.
Approximately 73% of people in the U.S. pass away while still in debt. The average amount of debt is $61,554, but that average goes down to $12,875, if mortgage debt is not included.
In short yes, you can have multiple living trusts, but the question to ask is whether you need them. You will need to consider your intended beneficiaries, creditor/liability concerns, tax implications and overall planning goals.
When it comes to estate planning, long-term care planning and other elder law issues, you may find yourself with more questions than answers. We provide a lot of resources on our blog and through our community seminars, but also understand that sometimes you simply want a great book chock full of information to help you make informed choices on these topics.
Everyone likes the idea of a good deal, a great sale, saving a buck, and the like. When it comes to estate planning, you really do get what you pay for.
