Keeping your estate plan updated is a crucial aspect of financial planning that many people tend to overlook past an initial preparation. Simply creating an estate plan is not enough. There are many reasons to review and update your estate plan, which you’ll read about in this article. Regularly updating your estate plan ensures that […]
When to Update Your Estate Plan in Texas Read More »
As Texans are living longer than ever before, it’s crucial to consider how this affects your estate planning. With advances in medicine and technology, the average lifespan has increased significantly in recent decades. Living longer creates new challenges and considerations for your estate planning. One of the most significant impacts of longer lifespans is the
Estate Planning For a Longer Life Expectancy Read More »
A QIT is a special type of trust for seniors in need of long-term care whose income exceeds Medicaid caps. A trust allows a third party (trustee) to hold assets on behalf of a beneficiary.
How To Qualify for Medicaid in Texas Regardless of Income Read More »
A recent report was issued that reviewed a number of state’s Medicaid Assisted Living Waiver Program. These programs provide Medicaid funding to assisted living or in-home care. The report found that providing public benefits to eligible individuals before they required skilled nursing care reduced the state’s overall Medicaid expenditures. Further, it provided options to individuals
How to Pay for Assisted Living – Medicaid’s Assisted Living Waiver Program Read More »
Long-Term Care Payment Options Continue to be Limited The Wall Street Journal continues to report on the struggles of the long-term care insurance market. Why is this important? Long-term care insurance was viewed as the middle-class solution to affording long-term care. What steps can individuals take to plan for long-term care? Meet with your Financial
What Are The Long-Term Care Costs in Estate Planning? Read More »