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Friday, April 13, 2018

Rise of ‘Gray’ Divorce Forces Financial Reckoning After 50

Bloomberg

Non-stop business knowledge Get more on The Bloomberg App For some, it means liberation. For others, loss. For women in particular, the doubling of the divorce rate for the 50-plus crowd since the 1990s can mean something far more prosaic: a need to shoulder the big financial decisions they’d let their spouses deal with when they were married. Often, they find some nasty surprises after he’s gone. A majority of married women—56 percent—still leave major investing and financial planning decisions

Read the full story


Monday, March 19, 2018

Mind The Gap - Part 2

Last week I explained the term “Mind the Gap” and where it came from and how it also applies to estate planning.

This week I will do as promised and explain to you how you can “mind the gap” in the estate planning process so the entire ordeal will be minimized for your family.

Read more . . .


Wednesday, March 14, 2018

Mind The Gap

If you have ever been to London, you might recall seeing these signs all over the Tube, London’s subway system. These signs are there to warn people to be careful- there is a gap between the platform and the train and it can be dangerous to let your foot get caught in that gap. If you don’t “mind the gap”, you could lose a leg or worse!
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Saturday, January 20, 2018

Why Do I Need a Business Succession Plan?


You have worked hard and built a successful business. And now you hear about something called a business succession plan. You have two questions, what is it, and why do I need a business succession plan?

The short answer is: you are mortal. One day, you will no longer be around to run the business you worked so hard to build. Do you want to just leave it up to chance and hope for the best, or do you want to plan well so that the company stays strong and successful? And if you do not want to work in the business until you fall over, succession planning is essential for you to retire and have money to live on without having to work.
Read more . . .


Thursday, December 21, 2017

Make Your Estate Plan in 2018


How can I make a bulletproof estate plan?

As the year 2018 rapidly approaches, now is the time to consider your goals and resolutions for the year to come.  Our Alabama estate planning lawyers urge anyone who does not yet have an estate plan to consider setting the creation of an estate plan as one of your New Year’s resolutions.  For those with a plan in place, use the New Year to review your estate plan and make changes as necessary.


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Tuesday, December 19, 2017

Medicaid and Nursing Home Assisance


When should I apply for Medicaid? 

Alabama provides multiple forms of assistance for the elderly and disabled through the Alabama Medicaid Agency. If you are elderly or disabled, you may be wondering


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Monday, December 18, 2017

Nursing Home Roadmap


Medicaid Roadmap

 

Someone once said that “We are all pilgrims on the same journey but some pilgrims have better road maps.”

 

Many adult daughters (and a few adult sons) are faced with the challenges of becoming caregivers for their mothers and fathers. About age 50 or so, they begin to realize that mom and/or dad is not as healthy as he or she once was. This raises all sorts of questions, including:

 

Who will take care of them as they need more care?

 

Can they stay at home? If so, for how long?

 

Where can they go if they can’t stay at home?

 

How much does it cost to hire caregivers to come to them?

 

Is that covered by insurance?

 

What is the difference between an independent living community, an assisted-living community, a memory-care facility and a nursing home?

 

Are any of those expenses covered by insurance?

 

Medicare- what exactly is it? Do they have it? What does it cover?

 

TriCare for Life- ditto

 

VA benefits- are they eligible? If not, can they become eligible?

 

How much money do mom and dad have in savings?

 

Do they have long-term care insurance?

 

 

Are mom and dad keeping their bills current?

 

Do they have basic estate planning in place and where is it?

 

Is it too late to see about protecting their life savings from the overwhelming costs of nursing home care?

 

These are common questions that the 50 year-old daughter must answer in order to be an effective caregiver. This is where a roadmap comes in handy.


Read more . . .


Sunday, November 19, 2017

Protecting Your Loved One With Dementia


What legal documents can help to protect my relative with dementia?

It is estimated by the World Health Organization (WHO) that over 47 million people across the United States suffer from dementia, with nearly 10 million people being diagnosed each year.  Alzheimer’s disease is the most common cause of dementia nationwide.  As your grandparents and parents age, the risk of dementia increases drastically.  If your loved one is already showing signs of dementia or is at risk of Alzheimer’s disease, it is important that you take the time to fill out some important paperwork that could offer much needed legal protection for your Read more . . .


Saturday, November 11, 2017

Should I Apply for Medicaid Through My Nursing Home?


Alabama has three primary Medicaid programs for those with disabilities and the elderly. One of these programs, called Institutional Medicaid, pays for care in nursing homes, hospitals and ICF-IID facilities (Intermediate Care Facilities for Individuals with Intellectual Disability) for Alabama residents who qualify. You might wonder


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Thursday, November 9, 2017

Do More People Die During the Holidays?


Apparently more people die during the holiday season than at any other time in the year! You read that right! Here is the article:

 

http://www.cnn.com/2013/12/23/health/christmas-death-rate/index.html

 

Making your estate plans prior to the holidays make sense. Call us to learn how reasonable the fees are for this sort of planning.
Read more . . .


Tuesday, October 17, 2017

Common Medicaid Application Misconceptions


What information will I need to include in my Medicaid application?

Medicaid is a federal-state health insurance program that provides health coverage for over 72.5 million low income children, adults, seniors, and people with disabilities across America. While Medicaid can be a wonderful program for the uninsured or elderly, there are many misconceptions that exist about the program and application process.  OurRead more . . .


Sunday, October 1, 2017

Is a Qualified Income Trust Right for Me?


Nursing home care is expensive, but if you need the level of care you can only receive at a long-term care facility, you have no option. You have to find a way to make it work. If you are a senior who is trying to figure out how to pay for nursing home care without going broke, you may be wondering, if an experienced estate-planning lawyer can help.
Read more . . .


Saturday, September 23, 2017

How To Apply for Medicaid


What are the requirements to qualify for Medicaid?

Medicaid is a state administered program aimed to assist low income individuals in Alabama.  Medicaid provides health or nursing home coverage for qualifying people, including children, pregnant women, those with disabilities, and the elderly.  Medicaid is not the same as Medicare.  Though both programs provide health care coverage, Medicare is a federal program that offers health coverage to those 65 and older, no matter your income.  To learn more about applying for Medicaid in Alabama, continue reading below and contact our Read more . . .


Monday, September 11, 2017

Should I Transfer All of my Assets Into My Living Trust?


A trust is similar to a will in that it disposes of your assets after your death, but there are significant differences between a living trust and a will. With a will, you still own all your property as long as you are alive. That is not the case with a trust. If you have set up a living trust, you might wonder, if talking with a


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