Can Life Insurance Affect Your Medicaid Eligibility?
When applying for Medicaid many people often forget about life insurance. But depending on the type of life insurance and the value of the policy, it can count as an [...]
What Is the Generation-Skipping Transfer Tax?
The estate tax gets all the press, but if you are leaving property to a grandchild, there is an additional tax you should know about. The generation-skipping transfer (GST) tax [...]
Non-Borrowing Spouses of Reverse Mortgage Holders Receive Expanded Protections
The federal government has expanded access to protections for spouses of reverse mortgage holders who are not named in the loan document, allowing more such spouses the ability to stay [...]
Saying Medicaid Estate Recovery Keeps Families in Poverty, Advocacy Groups Call for Abolishing It
To qualify for Medicaid coverage of long-term care, you must satisfy very complicated financial eligibility rules—rules that often can be traps for the unwary. One of the most significant traps [...]
Court Case Illustrates the Danger of Using an Online Power of Attorney Form
A recent court case involving a power of attorney demonstrates the problem with using online estate planning forms instead of hiring an attorney who can make sure your documents are [...]
Younger Adults Now More Likely to Have a Will, According to Survey
A new survey has found that motivated in part by the coronavirus pandemic, younger adults are now more likely to have a will than middle-aged adults. Nevertheless, the overall percentage [...]
How You Can End Up in Medicare’s Doughnut Hole, and How You Get Out
Medicare prescription drug (Part D) plans can have a coverage gap—called the "doughnut hole"--which limits how much Medicare will pay for your drugs until you pay a certain amount out [...]
