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Applicants for nursing home Medicaid in New York State must disclose any interest they or their spouse has in an annuity. How does such an annuity affect Medicaid eligibility?
What can you legally do with a 529 college savings plan for your disabled child, if it now appears unlikely that he or she will attend college after all? Can you leave the money in the plan, or use it for something else? What taxes or penalties apply?
I will discuss the basic differences between having a will and not having a will.
You either went to an attorney or legalzoom.com, perhaps even Suzie Orman, and you purchased and executed a will. So what does that mean?
Do you have minor children? Do you have legal documents that plan for your children if something happens to you and your spouse?
Is my will a public document? The answer to this question is “yes” and “no”.
When planning one’s estate, an attorney must analyze whether or not there may be heirs who have special needs and rely on government assistance for support.
The primary reason that everyone needs an estate plan is that if you fail to create a plan, the State will create one for you. The State legislature does not know anything about your family dynamics and the things that you value, so why leave such important decisions to them?
An estate plan allows your loved ones to avoid the expensive, lengthy and emotionally draining probate court process. Without an estate plan, your assets become a matter of public record, which the court could freeze until it appoints a person to handle your affairs.
Court Sides with Father: Texas Man Remains on Life Support Earlier this month, Terry Mace, 43, suffered a heart attack and collapsed at his home in Killeen, Texas. As reported by ABC News, soon after the cardiac arrest he was hospitalized and unresponsive and ultimately placed on life support. ...