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Preparing for Long-Term Care Expenses Through Asset Restructuring

Preparing for Long-Term Care Expenses Through Asset Restructuring

Long-term care will be necessary for 70% of seniors during their lifetime. It’s estimated that the average cost of long-term care during the last five years of life is $233,00- $367,000. Those with long-term care insurance are still paying $140,000 out of…

What You Can Do to Avoid or Resolve Estate Battles Between Siblings

What You Can Do to Avoid or Resolve Estate Battles Between Siblings

The rivalry between siblings. In most families, it’s unavoidable. Depending on your particular family members and the dynamic between them, old rivalries from the past can become more significant when a parent passes. Adult children who are emotionally upset and…

Paying for Long-Term Care by Dissolving Your Marriage

Paying for Long-Term Care by Dissolving Your Marriage

Imagine this scenario. 55 years have passed since you married the love of your life. However, a few years ago, your spouse was diagnosed with dementia. Despite your best efforts to provide care, it’s becoming increasingly obvious that they will…

What to Expect During the Probate Process Without a Will

What to Expect During the Probate Process Without a Will

What happens if your loved one dies intestate (without a will)? According to your state’s intestacy laws, a probate court will oversee the distribution process of the decedent’s property. Also known as intestate succession, it has similarities to the probate…

Legal Guardianships for Aging Parents

Legal Guardianships for Aging Parents

It is a considerable legal responsibility to act and advocate on behalf of an aging parent when you become their guardian. The duties include a parent’s daily care, medical care, and possibly financial decisions made on their behalf. Many guardians…

Probate: How to Determine If You Need It

Probate: How to Determine If You Need It

Probate sounds expensive and complicated, but it is simply a standard legal procedure formalizing how assets pass from a deceased person’s estate to their chosen beneficiaries or heirs. Whether or not you require probate depends on the type of property…

The Tragic Legacy of Larry King

The Tragic Legacy of Larry King

In addition to marrying seven women, legendary talk-show host, Larry King had five children with several of them. He died at age 87 on January 23, 2021, after contracting Covid and then succumbing to an infection. Immediately after his death,…

Medicaid and Medicare: What’s the Difference?

Medicaid and Medicare: What’s the Difference?

The acronym LASA, which stands for “look-alike-sound-alike”, is commonly used when referring to medications. When it comes to federal programs, Medicaid and Medicare, in written form, look alike and they do sound alike but work very differently. Both Medicare and…

Probate Without or With a Will: An Overview

Probate Without or With a Will: An Overview

Probate is a legal process that takes place after someone passes away and is conducted in probate court. Unfortunately, fewer people know that it can be a long and complicated process. It can sometimes take months, or even years, to…

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