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Probate Process: What You Need to Know

Probate Process: What You Need to Know

A probate court validates a will and ensures an executor manages the decedent’s assets and debts in accordance with the law and the decedent’s wishes. To begin probate, a personal representative or executor must file with the county court where…

How to Avoid Medicaid’s Penalty Period

How to Avoid Medicaid’s Penalty Period

Medicaid is a federal program that provides financial assistance to individuals who meet the minimum income and asset requirements for nursing home care, assisted living, in-home care, and adult foster care. As a result of these rules, many candidates give…

Obtaining Guardianship for an Elderly Parent

Obtaining Guardianship for an Elderly Parent

Guardianship most commonly implies that a minor child is under the care of an adult relative or friend. However, you can employ the process to obtain legal rights over elderly or aging adults, usually, parents, who are losing their physical…

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,…

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