Even if you’ve written an estate plan, are you sure you included everything you need to? There are certain things that people often forget to put in in a will or estate plan that can have a big impact on your family. 1. Alternate Beneficiaries One of the most important things your estate plan should include…
Molly M. Gilgor provides us with very important knowledge about your VA benefits. Here are 10 facts about burial benefits you may not have known: Fact 1: U.S. Department of Veterans Affairs (VA) benefits do not cover all funeral or cremation arrangements. There are certain monetary, recognition and service benefits that may be available. However, reimbursement…
Long-term care costs can add up quickly. That’s why we focus on helping our clients plan for these costs. For veterans and the surviving spouses of veterans who need in-home care or are in a nursing home, we can help. Only about 1/3 of eligible Veterans take advantage of this benefit! The Veterans Administration (VA)…
From the Legacy Estate Planning Newsletter I found some staggering numbers. It’s a concern to be informed that so many people of all ages and backgrounds have this one thing common: They don’t have a will. Here are 10 reasons to have a will: 1.You get to decide who’s in charge–By designating an executor of your estate, you…
1. Myth: Medicare and Private Insurance will cover the cost of long term care Medicare only pays for limited coverage in a nursing home and only after a hospital stay of at least 3 days. The care must be “skilled care” and the program only pays the full cost for the first 20 days. Days…
Satisfaction of being prepared; take control of your future A durable power of attorney is an extremely important estate planning tool, even more important than a will in many cases. This crucial document allows a person you appoint — your “attorney-in-fact” or “agent” — to act in place of you — the “principal” — for…
Did You Know? More than 70% of all Americans die in a hospital or nursing home facility? 65% of all adults over age 65 fall each year. And 65% if those who do fall will fall again within 6 months. Those who fracture a hip due to the fall, 1/4 of those will die as…