By Jennifer Triplett | Published March 8, 2021 | Posted in Estate Planning | Tagged Tags: estate planning, mo estate planning, top 10, Trust, Trust Plan, trust planning, Will Plan | Comments Off on 10 REASONS TO DO YOUR ESTATE PLANNING NOW…
10 REASONS TO DO YOUR ESTATE PLANNING NOW…
Many people do not think an estate plan is important, but here are a few reasons why you should stop procrastinating and make an estate plan now: Loss of capacity. What if you become incompetent and unable to manage your own affairs? Without a plan the courts will select the person to manage your affairs. Minor children. Who will Read More
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The Risks of Do-it-Yourself Estate Planning
The Risks of Do-it-Yourself Estate Planning Many websites offer customized, do-it-yourself wills and other estate planning documents, but although these products are convenient, using them could cause serious and expensive legal problems for heirs. These digital services appear to offer a cost-effective and easy alternative to visiting an estate planning or elder law attorney. But Read More
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Which Nursing Home Rating System Should You Trust?
Choosing a nursing home for a loved one is a difficult decision and it can only be made more confusing by the various rating systems. A recent study found that using both Medicare’s Nursing Home Compare site and user reviews can help with the decision making. The official Medicare website includes a nursing home rating Read More
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How to Divide Up Personal Possessions Without Dividing the Family
Allocating your personal possessions can be one of the most difficult tasks when creating an estate plan. To avoid family feuds after you are gone, it is important to have a plan and make your wishes clear. When passing on possessions to your heirs, savings and investments are easy to divide up, since they can Read More
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Little Cabin in the Woods – A true tale about what can happen if you don’t do your estate planning…
There once was a little cabin in the woods. Small, but lovely, sitting waterfront on Table Rock Lake. Husband and wife bought it together when they were younger and looked forward to bringing their son there as he grew up. But as 60% of families do these days, husband and wife divorced. Wife received the Read More
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The Staggering Costs of Dementia
Most of us know of someone who has been diagnosed with dementia. It is a costly and heart-breaking condition that is nearly doubling in numbers every 20 years. Dementia has affected the likes of Norman Rockwell, E.B. White, Rita Hayworth, Charlton Heston, Ronald Reagan, Charles Bronson, Margaret Thatcher and many others. What is Dementia? Dementia Read More
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VA Benefits for Long Term Care for Veterans
Many wartime veterans and their surviving spouses will need some type of long-term care in the near future. The Veterans Administration may have funds that are available to help pay for this care. Unfortunately, many are not aware of these benefits. There are three types of “pension benefits.” The veteran (or surviving spouse) does not Read More
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How to Plan for Long Term Care
(Partially taken from LongTermCare.gov -US Health and Human Services) WHAT IS LONG TERM CARE? In the year 2000, almost 10 million people needed some form of long-term care in the United States. Of this population, 3.6 million (37%) were under age 65 and 6 million (63%) were over age 65 (Roger & Komisar, 2003). Recent Read More
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Understanding the Importance & Implications of Guardianships & Conservatorships
Usually the idea of guardianship and/or conservatorship as a bad thing – something to be avoided. In a perfect world, we have to do advance planning to provide for our own care if we become impaired or incapacitated, and we need trustworthy, responsible and financially astute family members who are willing and able to assist Read More
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Intro To Trusts
Trusts can be a great tool—when used for the right reasons. Trusts may be complicated to the lay person. But when used properly, they can be a valuable estate planning tool. Aside from making your wishes known, some of the common uses for trusts include: avoiding probate, minimizing federal estate tax, protecting your children from Read More
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