Creating a caregiver contract provides clarity, ensures fair compensation and helps with Medicaid planning, making it a vital step for families caring for elderly parents.
A Medicaid asset protection trust can help ensure your protected assets go to your beneficiaries rather than your long-term care, but it has to be set up properly.
Single parents must carefully consider each option when preparing their estates. By creating an intentional plan, parents can ensure their wishes will be honored for their children.
A person requiring long-term care in a nursing home will often require Medicaid benefits to pay for that care as nursing homes costs can average anywhere from $10,000 to $15,000 monthly.
Choosing the right guardians for minor children is a key estate planning decision. Discuss guardianship with an estate planning attorney to ensure that someone raises your children as you wish.