This is the second in a three-part series of articles on Powers of Attorney. The first article examined the Financial Power of Attorney. This second article examines the Healthcare Power of Attorney and Advance Directive. The third article in the series will focus on a “HIPAA” Power of Attorney. These three documents are the keystone in even the most basic estate plan. As outlined in the first article in the series, a Power of Attorney is a document by which you appoint someone as your … [Read more...] about The Basics: Powers of Attorney for Healthcare
The Basics: Financial Power of Attorney
This is the first in a three-part series of articles on Powers of Attorney. This first article examines the Financial Power of Attorney. The second article will address the Healthcare Powers of Attorney. The third article in the series will focus on a “HIPAA” Power of Attorney. These three documents are the keystone in even the most basic estate plan. First, what’s a Power of Attorney? It’s a document by which you appoint someone as your “Agent” to act on your behalf. If that Agent is … [Read more...] about The Basics: Financial Power of Attorney
Uncompensated Transfers
Medicaid is a partnership between the state and federal governments to provide medical benefit assistance to people, including those over age 65, whomeet the program requirements, including certain financial requirements. To meet the financial requirements when you go into a nursing home and go on Medicaid, you cannot have more than $2,000 (in most states) in “available” resources. Some resources don’t count, such as the car used for your medical transportation.Also, assets that cannot be … [Read more...] about Uncompensated Transfers
Irrevocable Medicaid Trusts
Medicaid is a partnership between the state and federal governments to provide medical benefit assistance to people, including those over age 65, who have financial need. In order to be considered to have financial need, when you go into a nursing home and go on Medicaid, you cannot have more than $2,000 (in most states) in “available” resources. Some resources don’t count, such as the car used for your medical transportation. Also, assets that cannot be used for your benefit, such as in an … [Read more...] about Irrevocable Medicaid Trusts
Avoiding Family Chaos in the Coronavirus Age
The novel “coronavirus” (also called “SARS-CoV-2”) causes the disease “COVID-19.” It first appeared in late 2019 and was reported to the World Health Organization (WHO) on December 31, 2019. Here’s a link to the WHO’s site for the latest global information. COVID-19 has impacted the lives of millions of people and countless events around the world. The coronavirus has infected over four million people around the world, including over a million in the United States. It has killed over 80,000 … [Read more...] about Avoiding Family Chaos in the Coronavirus Age
Low-Interest Loans: An Estate Planning Technique
The novel “coronavirus” (also called “SARS-CoV-2”) causes the disease “COVID-19.” It first appeared in late 2019 and was reported to the World Health Organization (WHO) on December 31, 2019. Here’s a link to the WHO’s site for the latest global information. COVID-19 has impacted the lives of millions of people and countless events around the world. The coronavirus has caused an unprecedentedly steep increase in unemployment and has roiled stock markets around the world. The resulting … [Read more...] about Low-Interest Loans: An Estate Planning Technique
Academy’s Spring Summit Virtually Perfect
The novel “coronavirus” (also called “SARS-CoV-2”) causes the disease “COVID-19.” It first appeared in late 2019 and was reported to the World Health Organization (WHO) on December 31, 2019. Here’s a link to the WHO’s site for the latest global information. COVID-19 has impacted the lives of millions of people and countless events around the world. The Academy’s Summit is a semi-annual conference bringing the latest developments in Estate Planning and Elder Law to the many members of the … [Read more...] about Academy’s Spring Summit Virtually Perfect
Academy’s Spring Summit Goes Virtual
The novel “coronavirus” (also called “SARS-CoV-2”) causes the disease “COVID-19.” It first appeared in late 2019 and was reported to the World Health Organization (WHO) on December 31, 2019. Here’s a link to the WHO’s site for the latest global information. COVID-19 has impacted the lives of millions of people and countless events around the world. The Academy’s Summit is a semi-annual conference bringing the latest developments in Estate Planning and Elder Law to the many members of the … [Read more...] about Academy’s Spring Summit Goes Virtual
Families Gather in Novel Ways in Pandemic
The novel “coronavirus” (also called “SARS-CoV-2”) causes the disease “COVID-19.” It first appeared in late 2019 and was reported to the World Health Organization (WHO) on December 31, 2019. Here’s a link to the WHO’s site for the latest global information. At this point, the virus has infected nearly two million people, including those on every continent except Antarctica, and over half a million in the United States alone. The coronavirus has wreaked havoc on social and family lives. The … [Read more...] about Families Gather in Novel Ways in Pandemic
Shrunken Asset Values Open Estate Planning Opportunities
The novel “coronavirus” (also called “SARS-CoV-2”) causes the disease “COVID-19.” It first appeared in late 2019 and was reported to the World Health Organization (WHO) on December 31, 2019. Here’s a link to the WHO’s site for the latest global information. At this point, the virus has infected over a million people, including those on every continent except Antarctica, and hundreds of thousands in the United States alone. The spread of the coronavirus has wreaked havoc on financial markets … [Read more...] about Shrunken Asset Values Open Estate Planning Opportunities
Economic Fallout from Coronavirus May Provide Opportunities
The novel “coronavirus” (also called “SARS-CoV-2”) causes the disease “COVID-19.” It first appeared in late 2019 and was reported to the World Health Organization (WHO) on December 31, 2019. Here’s a link to the WHO’s site for the latest global information. At this point, the virus has infected hundreds of thousands of people, including those on every continent except Antarctica. The spread of the coronavirus has wreaked havoc on financial markets around the world. While nobody would seek out … [Read more...] about Economic Fallout from Coronavirus May Provide Opportunities
Coronavirus and Nursing Homes
The novel “coronavirus” (also called “SARS-CoV-2”) causes the disease “COVID-19.” It first appeared in late 2019 and was reported to the World Health Organization (WHO) on December 31, 2019. Here’s a link to the WHO’s site for the latest global information. At this point, the virus has infected over a quarter million people on every continent except Antarctica. Nursing homes and long-term care facilities are especially hard hit. The biggest early cluster of COVID-19 in the United States was … [Read more...] about Coronavirus and Nursing Homes
