For many people, Medicaid planning is an essential addition to a well thought out estate plan. The need for Medicaid planning stems from the potential need for long-term care and the corresponding high cost of that care. Understanding the need for Medicaid planning, however, is only the beginning of formulating a successful Medicaid planning component. […] The post Medicaid Planning Requires Understanding How Medicaid Recovery Works appeared first on Kulas Law Group.
The estate plan that you create, and add to, over the course of your lifetime is intended to protect you, your assets, and your loved ones as well as ensure that your loved ones are adequately provided for after you are gone. A well thought out and comprehensive estate plan will include a wide range […] The post Port St. Lucie Estate Planning Attorneys Explain a Letter of Instruction appeared first on Kulas Law Group.
You already understand the need to have a comprehensive estate plan in place. Likewise, you understand the need for a well thought out retirement plan. Are you aware, however, of the importance of integrating your retirement plan into your estate plan? While the two plans may succeed separately, there is little doubt that they will [ ] The post Vero Beach Estate Planning Attorneys Explain the Need to Include Retirement Planning in Your Estate Plan appeared first on Kulas Law Group.
Almost everyone acknowledges the need to have an estate plan in place; yet, over half of all Americans do not have one. One reason people frequently give for not having an estate plan is that the entire concept of estate planning is confusing. Where should you start? When should you start? What should be included [ ] The post Port St. Lucie Estate Planning Attorneys Discuss Top 5 Components 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.
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.
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.