reverse mortgage

Reverse Mortgage Pros vs. Cons

You likely have seen commercials featuring Tom Selleck and Henry Winkler advocating for reverse mortgages as a valuable income source for retirees or individuals with limited funds. However, while these loans can offer significant benefits, they may not be suitable for everyone. The guide below will take a closer look at the advantages and disadvantages…

medicaid asset protection

Using a Medicaid Asset Protection Trust as the Trustee

The trustee of a Medicaid Asset Protection Trust (MAPT) is responsible for managing and overseeing the trust to safeguard the assets for the beneficiaries while following the wishes and intentions of the grantor. This includes making sound financial decisions, distributing assets as stipulated by the trust, and ensuring compliance with all legal and administrative requirements….

medicaid

Can an Attorney Help You Qualify for Medicaid Long-Term Care Benefits?

Elder law attorneys specialize in addressing the legal needs of seniors by providing comprehensive assistance in various aspects of their lives. For instance, by working with an elder law attorney, individuals can develop comprehensive strategies to protect their assets, qualify for Medicaid long-term care benefits, and ensure financial stability for themselves and their loved ones…

veterans aid

Can VA Aid and Attendance Benefits Be Used by Your Spouse?

Aid and Attendance is a valuable VA pension benefit designed to assist Veterans and their spouses who require the aid of another person in performing everyday activities, such as bathing, feeding, dressing, or adjusting prosthetic devices. However, this benefit is often underused due to a lack of awareness. To be eligible for Aid and Attendance…

protecting your children

How To Protect Your Belongings Against Your Child’s Debts, Divorce, or Disability

Even though many parents assume that their grown, “responsible” child will not require protection if they receive an inheritance, there are situations where protections may be necessary. This is particularly relevant when children face specific risks like lawsuits, creditors, and reckless spending. Thankfully, there are various estate planning tools available to safeguard your assets against…

power of attorney

How To Avoid Having Your Life Savings or Retirement Plans Wiped Out by the Cost of Care as You Get Older

Planning for retirement is an increasing concern for many individuals who worry that they will need to be incredibly wealthy to stop working and still have enough funds to take care of their needs. Unfortunately, the amount of savings people have has decreased in recent years, causing significant financial stress during retirement, especially when it…

va

Unregulated Companies to Profit Off the Benefit Claims of Disabled American Veterans

Louisiana is the only state to enact the law to allow unregulated companies to profit off the benefit claims of disabled American veterans. Under federal law, it is illegal for anyone without VA accreditations, including licensed attorneys, to assist veterans in filing out their disability claims. Getting the accreditation involves a background check, written exam,…