Trusts are commonly used estate planning tools. There are two main types of Trusts – Revocable and Irrevocable. If you have a Trust, make sure you know the difference between them and the benefits your Trust will provide.
Read More
Paying for Long-Term Care: Did you know that Medicare will not cover the cost of a nursing home for more than about 20 days? The average person stays in a nursing home for 835 days according to the National Care Planning Counsel. Who pays for the remaining 815 days? There are a couple of options, including long-term care insurance, which many people cannot afford or waited too long to obtain, or for most people, paying with their own life savings. Medicaid can also cover the cost of a nursing home as long as certain asset and income limits are met.
Read More