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Adult day care services is a type of program that provides health and social support in a supervised Paying and qualifying for a long-term care policy depends on a variety of factors, such as your age and health Many policies are less expensive if you buy them when you are younger and still in relatively good health You may not qualify if you’re in poor health or already receiving similar benefits through Medicaid. Likewise, if you have any preexisting conditions, you may be not eligible for long-term care insurance

When dementia patients are sick enough for a nursing home, the cost is not covered by health insurance half of patients with dementia— with three-quarters of those from racial minorities—spend down, using savings He or she will have ideas on how to best address your family’s situation.

Have you ever had a song stuck in your head that you just can’t get out? are doing research on the phenomenon to determine why our brains seem to enjoy and hate them at the same Child custody: Who will have custody? Will there be adequate parenting time for both parents? Are your grandchildren safe and well cared for? Paternity: Do you have rights to your child? Nobody’s life stays the same as it was when their divorce was finalized.

If you have not heard about the legal battle that Britney Spears has endured over the last nearly 13 Jamie Spears, Britney’s father, was appointed as her conservator, which gave him the authority over her What documents would have avoided this? the infamous 2007 Britney breakdown, but two of the most common would have been a statutory durable How a statutory durable power of attorney would have helped: A statutory durable power of attorney

The beneficiary designations on your retirement and brokerage accounts, and the life insurance policies Review beneficiary designations regularly to be sure the money in your accounts or the death benefit If you don’t spend every last dollar you have to your name on the day you die, you’ll need to have an

This should include life insurance policies, wills, property deeds, car titles, and bank account and However, the kids were young, and the money went into a court-controlled account that she couldn’t get There will be all kinds of headaches if you can’t access a bank account because your spouse had a special Spouses should make a list of passwords for all online accounts. This includes 401(k)s, investments, bank accounts, and social media.

The parent will have to designate a trustee to administer the trust. trustee’s discretion”—or more defined—such as “in my trustee’s discretion for the benefit of my child’s health the trust, which may not be necessary, shows the parent’s intention that the beneficiary was not to have

For sole proprietorships, the business owner and the business are the same legal entity. Your business is legally no different from you, even if you have a tax ID, even if your business has Say you have a bad year. You are $30,000 in debt, and your business doesn’t have enough assets to cover the costs. When you die, the sale is complete. They can stay in business, or they can shutter it.

One of the many responsibilities of local government is to make sure that their citizens are safe and Recent events have served as a poignant reminder that this level of safety also includes helping people This is why local governments have emergency preparedness programs, and the court system has ruled that Even though these management practices are in place under the court rulings, certain issues still have disabilities to be able to safely leave either on their own or with the assistance of others.

Tenants in common, by contrast, have their shares of an asset become part of their estate. Just adding a spouse’s name to an account doesn’t make the account joint for tax purposes. Adding a spouse as a joint owner on most assets – like bank accounts, investment accounts or real estate

have. Reviewing the will – If you have already made your will, then good for you! Whether you have stashed it in a safe deposit box or kept it with a lawyer or trusted individual, you Imagine trying to replace everything you have worked so hard for with no funds to do so! 7. Allowing it to get out of hand, however, can have a disastrous impact on your financial life.

All transactions need to be accounted for by maintaining a record of receipts and other documentation