Cash Value in Life Insurance can be a Barrier to Medicaid Benefits Many who apply for Medicaid are surprised to learn that owning a life insurance with a small amount of cash value disqualifies a otherwise eligible person from receiving benefits. Term policies (those without cash values) do count against the patient. However, if the… Continue reading Help! Life Insurance Make Patent Ineligible for Medicaid Nursing Home Benefits!
Don’t Leave Your IRA to Your Kid Outright IRAs are wonderful investments. Many people want to leave unused funds to their children. They simply name their kids as a beneficiary and think that everything is set. Many fail to understand that merely naming the children as beneficiaries may result in the loss in the value… Continue reading Protect your IRA from Your Kids’ Creditors and Their Poor Choices
Looking after your Parents’ Legal Preparedness As a child of aging parents you probably have experienced increased duties and a variety of new roles. As you grew up, you were one who was protected and guided but now as your parent’s age, your role has become one of adviser and watchman. It is prudent to… Continue reading The Legal Documents & Plans Your Parents Need Right Now