Understandably, most people prefer not to dwell on their own mortality. The idea of sitting down and planning your own funeral and burial may not sound very attractive; yet, there are several reasons why you may wish to do just that. Adding a funeral and burial component to your overall estate plan relieves your loved [ ] The post Living Trust Attorneys Explain How a Trust Can Be Used in Funeral Planning appeared first on Kulas Law Group.
If you are like most people, estate planning often feels like trying to complete a giant puzzle, except the pieces keep changing. The most recent of those puzzle pieces to change is how the lifetime exemption is used when calculating your estate’s federal gift and estate tax obligation. The good news is that the recent [ ] The post Estate Planning Attorneys Explain Gift and Estate Taxes appeared first on Kulas Law Group.
Most seniors count on Medicare to cover their healthcare expenses during their retirement years. While Medicare does help with most healthcare expenses, it doesn’t cover everything. One of the most important exclusions from Medicare coverage is long-term care. For seniors, this exclusion can come as a surprise – and can lead to the depletion of [ ] The post Medicaid Lawyers Explain Eligibility for Seniors appeared first on Kulas Law Group.
Clients often want the simplest estate planning solution possible. While keeping it simple is an understandable goal, the simplest solutions are not often the best. This article shows a couple simple solutions for estate planning and why, in most circumstances, a living trust is at the center of a more robust estate plan and more likely to provide the desired protections. The post Estate Planning: Simple is not Always Better appeared first on Kulas Law Group.
If you are contemplating the need for long-term care for yourself, or for an elderly loved one, in the future you may be worried about how to pay for that care when the time comes. If so, you are certainly not alone. The high cost of long-term care (LTC) is a concern for the vast [ ] The post Vero Beach Medicaid Attorneys Explain the Spend Down Rules appeared first on Kulas Law Group.
What’s the right direction for you in planning for future medical expenses? The odds are even that you’ll need long-term care (LTC) after age 65, at least for a while. Here are possible paths for covering those potential costs. How Are You Planning for Long-Term Care (LTC) Expenses? The post How Are You Planning for Long-Term Care (LTC) Expenses? appeared first on Kulas Law Group.
Although you will likely execute a Last Will and Testament when you initially create an estate plan, you will likely incorporate additional estate planning tools and strategies into that plan as both your assets and your family grow. One of the most common additions to a comprehensive estate plan is a trust. The trust attorneys [ ] The post Trust Attorneys Talk about How a Trust Might Fit into Your Estate Plan appeared first on Kulas Law Group.