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The probate process is the process by which judicial officials, such as probate judges, process a will. While state probate laws may differ, the general process remains the same. The probate process is used to prove a decedent’s will. Probate…

Medicaid is a joint federal and state program that pays for long-term care costs for individuals who meet certain asset requirements. The cost of long-term care often has devastating financial impacts for Americans, particularly the elderly, and family members who…

Wills are legally binding directives that state who will inherit your assets upon your death. They are an integral part of a comprehensive estate plan. In the event of your death without a will (intestate), your assets will be distributed…

In the event that a loved one might need Medicaid assistance in the near future, that person should avoid giving gifts. Gifts in such situations can end up being very, very expensive for people who receive joy from generosity. Medicaid…

Planning for long-term care is becoming increasingly important as the cost of healthcare continues to rise. Many Americans worry about how they will pay for nursing home care, assisted living, or other long-term care services without losing their life savings.…

What Is an ABLE Account? The Achieving a Better Life Experience (ABLE) Act established tax-advantaged accounts for people with disabilities. These accounts allow eligible individuals to save money that grows tax-free and can be used for qualifying disability-related expenses. Before…

The law describes estate planning as a legal document summarizing the property a person owns and how to distribute these assets when deceased. Property ownership includes individual as well as jointly owned bank accounts, stocks and bonds, retirement accounts, real…

Choosing how to title real estate is an important decision that can affect ownership rights, liability, taxes, probate, and how property transfers after death. For many people, their home is their largest financial asset, making the way property is owned…

In deciding who will inherit your property, the most simple way would be to divide it equally among the children. That is the straightforward choice when all your children are doing equally well. But if not – if, for example,…

A blended family is where a couple brings children into a marriage from a previous marriage and then possibly has children together. Blended families highlight the need for careful estate planning to make sure the needs of each spouse are…