We often think that Alabama Medicaid is the only way to pay for nursing home for our spouse or parent.
However, Medicaid is simply one solution among a number of solutions.
To properly determine how to pay for nursing home care, we have to look at the risk and then all of the options before we can adopt a … (Read more)
You can read the first mistake — assuming that long term care will not be needed — and now we are going to look at the second mistake.
If you do not have a plan to pay for long-term care, then if you ever get hit with a situation where you need long-term care, the odds of being successful go way down. It could be that you just get lucky … (Read more)
“I won’t ever need long-term care.”
That is a very common mistake. This is something we hear over and over and over: “I won’t ever need long-term care.” I’ve even had people say to me, “You know what? I’ve looked into it and I’ve decided I will never need it.”
I’m sitting there listening this person, saying, “Wow! That’s impressive.”
A trust is a legal entity that can hold assets and, for our purposes, there are two major types of trusts:
Think of a treasure chest where the lid is shut and locked. Only the “trustee” has the key to open the … (Read more)
We often think that Alabama Medicaid is the only way to pay for nursing home for our spouse or parent.
However, Medicaid is simply one solution among a number of solutions.
To properly determine how to pay for nursing home care, we have to look at the risk and then all of the options before we can adopt a … (Read more)
No one particularly likes thinking about Alabama Estate Planning.
It can be tough contemplating our own mortality or getting to where we can’t make our own decisions, and most of us avoid doing so.
We sometimes think if we just ignore it, it will not be a problem.
Or we will get to it “someday” and you know how those “somedays” seem to never actually arrive?
But then … (Read more)