MaineCare (Medicaid) is a joint federal and state program available to individuals who meet certain asset requirements that help them pay for long-term care (LTC) costs. Long-term care often creates devastating financial impacts on Americans, particularly the elderly, and for those family members who lose hours of income (and more) while providing care for their […]
Many adult children in the US live far away from their parents. Managing aging parents or in-law medical events can be a serious challenge without proper preparation and understanding of what your parents’ aging strategies may or may not be, no matter where you live. Some questions to ask yourself: Do you know what legal
Know Your Parents’ Aging Strategies Before a Medical Crisis Hits Read More »
Estate administration refers to managing and distributing a deceased person’s assets in the US. This process typically includes identifying and inventorying the decedent’s assets, paying debts and taxes, and distributing any remaining assets to the beneficiaries named in the decedent’s will. Without a valid will, actions are taken to comply with state intestacy laws. The
As you start to plan for your future, both in terms of financial affairs and health care needs, you may wonder what estate planning and elder law entail and how they differ. Estate planning and elder law also have some similarities. Even though these two types of law are for different stages in life, they
When comparing aspects of estate planning and elder law, the two have different functions with some overlap, yet both are equally vital to protect yourself and your family. The two terms tend to go hand in hand, but there are some differences. The biggest difference is that elder law planning helps a person during their