Tag Archives: Trust Planning

Bankruptcy in part due to Long Term Care costs

The research Referred to as a “coming storm of broke elderly,” the study was able to identify that the rate of citizens over the age of 65 who are now filing for bankruptcy increased about 204% from 1991 to 2016. … Continue reading

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Adding someone to the DEED of your home

If you are thinking of adding someone to your deed, you may find some unforeseen consequences! Once you’ve added someone, you cannot undo the deed unless the person you added consents. Once on the deed, a person can take out … Continue reading

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MEDICARE: What it DOES NOT cover

Many families we meet have the idea that MEDICARE will cover most of their LONG TERM CARE costs, like Assisted Living or Skilled Nursing as well as many of the medical costs associated with aging. Some of the costs NOT … Continue reading

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Special Needs Trust

What is a “Special Needs” trust? Special Needs Trusts are created to comply with the complex rules of federal needs-based benefits programs that are important and may be available to people with disabilities, such as: • Supplemental Security Income (SSI) … Continue reading

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