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479 items found for "financial planning for elders"
- Declining the Duty of Being Power of Attorney
types of power of attorney are: General durable power of attorney – this is the power of attorney for finances , it may be a good idea to set up an agency arrangement with a bank, which will take on some of the financial
- How to React to the Fed’s Rate Hike
Meet with an experienced estate planning attorney to determine if these wealth transfer strategies make Reference: NASDAQ (December 23, 2015) “Estate Planning: How to Adjust to Rising Rates” #EstatePlanningLawyer
- Long-Term Care Facilities Required to Request Guardianship Orders
Once the agreement has been finalized, the guardian is able to make any legal, financial and healthcare senior will be living in, but they will also monitor their experience at the residence and handling finances
- Smart Strategies for Social Security Benefits Taxes
Those who are 70½ or older can give up to $100,000 annually to charity from their IRAs tax-free.
- Important Steps to Complete a Medicaid Application
Long-term care for the elderly and disabled can be extremely expensive, and most people aren’t sure of how to complete the Medicaid application to see if they qualify for this type of financial aid. Depending on your unique financial situation, your home or other assets may be at risk if you enroll
- Shop Around for Medigap Insurance
policies, and there’s a good chance you can decrease the cost of your premiums by moving to another plan Even though each Medigap plan with the same “letter designation” provides the same coverage, the price most popular plan—based on the insurer. For example, if you have Medigap Plan F, your insurer may let you switch to a high-deductible Plan F it’s tougher to switch to a different plan.
- Houston Will and Trust Lawyer Offers a Checklist for Trustees
No personal finance dealings with the trust – This one may seem obvious, but it should still be stated
- What Happens in Probate Court? A Comprehensive Guide
Overall, having an estate planning attorney to guide you helps the probate process go as smoothly and
- INCORPORATING THE NEW ABLE ACT INTO YOUR ESTATE PLANNING IN HOUSTON
Estate planning is a constantly changing field, in no small part due to continuously evolving legislation Section 529 is where we get the name of the “529 Plans” that many Houston estate planning lawyers help An interesting note about 529 plans is that they are not considered part of your estate when it comes ABLE Accounts are like 529 plans, but their purpose is to protect those with disabilities. health and wellness, housing, transportation, and a few other categories including a number of legal and financial
- Understanding the Guardianship Process For a Loved One With Disabilities
For example, in some families, an older sibling or aunt may step in and act as a guardian if the disabled Special needs planning can seem daunting.
- What to Expect During Probate When There Isn’t a Will
Probate typically occurs when there are real properties or financial accounts involved.
- Use a Reverse Mortgage to Buy a Home
In addition, it can be a financial tool to delay taking Social Security benefits or to preserve cash. To qualify, you have to be 62 or older, and the home you’re buying must be your principal residence. Evaluate the decision to use a reverse mortgage as part of a total financial plan.
