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The 5 biggest mistakes people make before filing bankruptcy
If you are considering filing bankruptcy, I suggest you read carefully. #1 DON’T give up your retirement account unnecessarily Some people considering bankruptcy liquidate retirement accounts with the most honorable of motives—in a futile attempt to catch up on those mounting debts. Others are attempting to reduce assets before filing. However, most retirement funds in Read More
Trust v Probate
Many people are confused when it comes to estate planning. Are you one of them? Have you ever wondered, do I need a will, do I need a trust and even more importantly what is the difference? I BELIEVE EVERYONE NEEDS A will. A will is a legal document wherein a person can choose Read More
Four Things Often Overlooked in an Estate Plan
Even if you’ve created an estate plan, are you sure you included everything you need to? There are certain provisions that people often forget to put in in a will or estate plan that can have a big impact on your family. 1. Alternate Beneficiaries One of the most important things your estate plan should Read More
Immediate Annuities as Medicaid Planning Tool
Immediate annuities can be a useful tool to protect the spouse of a nursing home resident who applies for Medicaid. These types of annuities allow the nursing home resident to spend down assets and give the spouse a guaranteed income. But immediate annuities may not work in every state, so be sure to check with Read More
Tips for Finding an Assisted Living Community
Assisted Living Life is a fragile thing. It can be incredibly difficult taking care of a loved one and often times, we will require help. Assisted living communities are a huge help in a time of need. Finding the right assisted living community is the most important part of the process, as not every place Read More
New Nursing Home Rules Go into Effect
New Obama-era rules designed to give nursing home residents more control of their care are gradually going into effect. The rules give residents more options regarding meals and visitation as well as make changes to discharge and grievance procedures. The Centers for Medicare and Medicaid finalized the rules — the first comprehensive update to nursing Read More
Bankruptcy Dos and Don’ts
Considering Bankruptcy? Don’t make a critical mistake before you even get started Obviously, most people considering bankruptcy are facing very tough financial times. Difficult circumstances can drive us to desperate action. Unfortunately, however well-intentioned that action is, sometimes it can backfire. In order to avoid some of the most common (and costly) pre-bankruptcy missteps: DON’T Read More
Warning Signs Of Financial Exploitation of the Elderly
Financial abuse and material exploitation of the elderly may not cause physical injuries or leave scars, but it can have devastating effects and ruin the lives of victims. Financial elder abuse can take many forms. The abuser may steal money or items from the elder’s bank account or home, sell or transfer property against the Read More
Filing a second Bankruptcy
Ooops I did it again…..Need to file another bankruptcy? You’ve had your fresh start, but now, you need another one. Despite your planning, saving and other efforts there are things in life you just can’t control. Maybe you have experienced costly medical issues, are recently divorced which is creating financial havoc in your life, have Read More
Probate and Transferring a Motor Vehicle
HOW TO TRANSFER A MOTOR VEHICLE THAT YOU INHERITED You have been informed that you inherited a motor vehicle. Now what? There are some documents you may need to obtain. Complete Application for Certificate of Title – This application can be obtained online at your local DMV website. Title of the Read More