Resource Assessments: The Unknown Step to Saving Money for Married Couples on the Way to Medicaid

Resource Assessments:  The Unknown Step to Saving Money for  Married Couples on the Way to Medicaid

Many married couples are unaware of an important element of asset preservation when faced with long term care expenses -- the Medicaid Resource Assessment.  A portion of the Medicaid rules is designed to protect the community spouse (spouse at home) from impoverishment and unnecessary dissipation of family assets. 

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Five Reasons Why Living Trusts are not for Everyone.

Five Reasons Why Living Trusts are not for Everyone.

One of the most common things I hear from my estate planning clients is that they want to “avoid probate.”  So, I’ve started asking them “why?”  They tell me one of two things: first, they have heard that probate is expensive, or secondly, they don’t know why.  In 1965, Norman F. Dacey published his well-known book How to Avoid Probate! Norman F. Dacey, while not an attorney himself, instructs the public to transfer everything they own into a Living Trust using one of the forms in the back of his book. 

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