Hire a Professional Elder Law Attorney

Talking about estate planning for a second marriage is like a new challenge that one didn`t think of the first time around. For example, if you or your new husband/wife have children from previous marriages. Through this blog, we are going to discuss some important factors and strategies when estate planning for a second marriage. Prenuptial Agreements You may go older with your second or third marriage. But it doesn`t mean you should throw caution to the wind planning is still important. However, it is not a romantic task, but couples need to discuss a prenuptial agreement. Moreover, this becomes true if any of the following circumstances apply: One partner is giving up a productive career  One partner maintains a business One partner has major assets they want to keep separate from marital assets One partner brings significant debt Children from an earlier marriage are involved If any of the circumstances mentioned above apply to you, the next thing

These days, assisted living rent can vary from $20,000 to $5,000 monthly. And this living rent depends on what type of care your loved one needs. When compared to a nursing home or long-term in-home care, assisted living is the most affordable solution.  Elder Law Lawyers Assisted living might be the best financial choice if closely monitored medical supervision is not necessary for your aging senior. Through this blog, you will learn how an  Elder Law  attorney assisted in living costs. Medicaid assets  One of the most popular payment strategies is to use Medicaid. Additionally, if your loved one does not have many financial assets and their income levels are low then this could the right solution for them. Medicaid differs from state to state both in name and ineligibility needs.  While talking about Medicaid, there are strict guidelines about it. The penalties are steep, including disqualification from receiving Medicaid for a longer period if a senior is caught incorrectly spen

After you are gone, you want your loved ones and children, to be able to use and enjoy the assets you leave behind. Moreover, gifting assets is not as straightforward as you may think, and you have to be strategic when leaving money, property.  You can avoid these gifting mistakes by hiring an Elder Law lawyer. Through this blog, you will read about common gifting mistakes. Elder Law You give too much You may want to give them before your death if you are eager to pass on assets to your children. You need to have enough money to live comfortably, while sometimes this makes sense, especially after retirement.  Will you be able to handle future medical costs, assisted living costs, and other unforeseen expenses if you don’t have new income being generated? While still leaving enough that you will be comfortable as well consider you’re gifting options to help your children while you are still alive.   You leave assets to a minor child If your properties, such as life insurance po