What types of decisions have you and your loved ones made, or avoided making, about planning for the years ahead?
People with children who cannot support themselves need to think well past their own lifetime and figure out how to provide for children after they are gone.
The intent of the laws and regulations is to allow the community spouse to have enough income and assets so that he or she has enough income and assets to continue to live at home, whether that be a home, an apartment, or other living place.
Because of astronomical costs of care and support—often more than $100,000 per year—most individuals with disabilities will need government assistance, such as Supplemental Security Income and Medicaid.
In general, estate planning is a practice that requires forward thinking. However, sometimes estate planning must occur amid a crisis.
If you’re a caregiver, part of your job may be to keep track of your loved one’s legal affairs. You probably know — or are learning — that it’s a big responsibility.
Special needs trusts can help fund quality-of-life improvements for the beneficiary, such as a phone, a trip or a private room in a group care facility.
Long-term care insurance helps pay for healthcare costs that aren’t covered by Medicare or conventional health policies.
For disabled persons receiving financially based government benefits, supplemental needs trusts (‘SNTs’) can safeguard benefits and serve as an effective estate planning tool.
Legacy of Caring for Families