One of the goals of estate planning is to reduce tax implications for your beneficiaries after your death. If your assets are over the estate tax exclusion, it is important to be aware of your options and common mistakes that people make when estate planning....
What happens to an HSA as part of an estate?
High Deductible Health Plans (HDHPs) are a popular choice with Americans who buy insurance. When combined with the tax benefits of a Health Savings Account (HSA), you can feel less anxious about the possibility of a healthcare emergency. When creating your estate...
What to do after your Medicaid application is denied
Applying for Medicaid can be overwhelming. This process becomes more confusing and stressful if your application is denied and you don't have additional financial resources to cover your medical bills. Thankfully, there are several options you can pursue to seek...
Top estate planning question: How do I handle real estate?
Real estate can serve as more than just a family property. It can serve as a valuable legal tool to diversify our investments, including vacation properties, rental homes, and commercial units. Because of the high value involved, it is wise to take care when planning...
Elder financial abuse: How to identify it and what to do
Elder financial abuse or exploitation happens to millions of elderly adults every year. You may be unaware of this exploitation and not discover it before it is too late. Here are a few tips on how to spot this abuse and what you can do to protect your elderly loved...