Long-term care insurance has evolved over time, and it continues to be a valuable form of insurance held by a minority of individuals. If you have it today, congratulations! Most people we see do not have long-term care insurance. It can be a very valuable insurance...
Getting remarried after the death of a spouse or a divorce is fairly common. We also see it more and more in the senior years as people live longer lives. Whenever this happens, like it or not, there are plenty of planning issues that need to be addressed and...
We are often asked the question… do we have too many assets to consider Medicaid Planning as part of our planning? This question can be asked in a few other ways, but essentially these clients are wondering if Medicaid Planning is for everybody. As a...
It’s pretty well established that long-term care costs are a growing threat to everybody’s assets. So how do people pay for long-term care when it’s so expensive? First, although there is always a chance you will not need long-term care due to a...
Many people give away assets as a strategy for Medicaid Planning, but there are benefits they miss by not considering an irrevocable trust. Irrevocable trusts can be a very valuable tool with proactive Medicaid Planning. Certainly, gifting of assets can be done...
The family farm is a sacred asset for many Midwest families. The heritage and legacy of these families started on farms, and there are deep roots tied to the preservation of the land. The challenges facing family farms are fairly well-documented these days, but one of...
