Why You May Need a Trust in Addition to a Power of Attorney
While everyone should have a durable power of attorney that appoints someone to act for them if they become incapacitated, in some circumstances it is not enough. In these cases, a revocable trust can help. A durable power of attorney allows you to appoint someone you trust to step in for you to handle financial […]
California Removing Asset Test for Medicaid Eligibility
California is making big changes to how it determines Medicaid eligibility for long-term care by eliminating the requirement that applicants have limited assets. While the rules apply only to California right now, other states may follow suit. Medicaid covers long-term care for the elderly and people with disabilities who qualify for coverage. To be eligible […]
Married Couples Need an Estate Plan
Don’t assume your estate will automatically go to your spouse when you die. If you don’t have an estate plan, your spouse may have to share your estate with other family members. If you die without an estate plan, the state will decide where your assets go. Each state has laws that determine what will […]
