Search Results

Living Trusts Pros Ensures privacy, keeps your affairs out of the public record and helps you avoid probate (However, you would be able to add a designation of guardian to supplement your trust that would take

It ensures their needs are met and their assets are protected. They ensure the person with disability needs are met. They are used to supplement, and/or replace, government benefits. It's crucial to ensure the trust is properly set up. It ensures their needs are met and their assets are protected.

with disabilities without compromising their eligibility for government benefits such as Medicaid or Supplemental These alterations aim to provide better protection for beneficiaries while also ensuring trust funds provides greater peace of mind, especially considering that this fund plays such a critical role in ensuring their estate plans and consulting with knowledgeable professionals, individuals with disabilities can ensure

Virginians have been enrolled in Medicaid since January 2014—the majority of whom weren’t previously insured service, janitorial service, healthcare and other small businesses that haven’t been able to provide insurance The Pineville WV Independent Herald (July 26, 2016) “WVAHC hoping to preserve Medicaid” #ElderCare #Insurance

Reference: AARP.org (June 22, 2016) “Social Security COLA Projected for 2017” #Insurance #Medicare #SocialSecurity

For example, an adult child receiving Supplemental Security Income is eligible for Medicaid-based services

result, these people who were getting Medicaid for nursing homes might lose their housing and health insurance Luckily, this situation can be prevented through the use of Special Needs Trusts, or Supplemental Needs

With substantial assets and multiple sources of income, it is essential to ensure that everything is High-net-worth estate planning can help you minimize these taxes and ensure your beneficiaries receive You can use trusts, LLCs, and other entities to shield your wealth and ensure it is passed on to your Insurance planning — Insurance planning can help you ensure that your loved ones are provided for after You can use life insurance , disability insurance, and long-term care insurance to protect your family

a review of your estate plan and portfolio investments, tax planning, education funding strategies, insurance Coordinate your insurance with any that your employer offers. Ensure that your home is well-covered. Life insurance should also be examined to provide for loved ones in case of your death. Long-term care insurance should be considered. Education.

Insurance premiums are lowest when you’re younger, and if you ever do need it, most policy owners will Lifetime coverage isn’t offered anymore, and, unlike basic health insurance, you can be rejected for There are some newer products called hybrids, which add on long-term care benefits to life insurance Reference: New York Times (December 18, 2015) “Long-Term Care Insurance Can Baffle, With Complex Policies

Together, you have put insurance policies in place for health, life, and disability. be familiar with include your will, medical power of attorney, statutory durable power of attorney, insurance Understand How Life Insurance Works If you and your spouse have life insurance, be clear on how it is Life insurance is an important component of any divorce settlement, to guarantee the continued flow of Having a trust as owner of the insurance policy is a great way to avoid gaps and pitfalls in insurance

Having a plan in place can ensure that your assets are distributed according to your wishes and your Let’s explore why estate planning for young families is essential, what steps you can take to ensure It involves creating a will, setting up trusts, and designating beneficiaries for your life insurance Estate planning ensures your children are cared for by those you love and trust. Beneficiary designations for your life insurance policies and retirement accounts ensure that the funds