You may be surprised to hear that the Medicaid program pays for the majority of the long-term care that is received by seniors in the United States. Why is this the case when most seniors qualify for Medicare? Because Medicare does not pay for assistance with your activities of daily living. Medicare will pay for covered medical expenses and convalescent care after a three-day hospital stay, but it will not pay for long-term custodial care. This type of care is very expensive, and most people … [Read more...]
Living Trust Video
If you’ve just started looking into estate planning and have been doing some research, you may have run across an unfamiliar term: the inter vivos or living trust. What does the term “living trust” mean? Living trusts are also referred to as “inter vivos” trusts. The term is used to describe a trust made during your lifetime, unlike a testamentary trust, which only becomes active when you die. A living trust can be either revocable or irrevocable. The revocable living trust A … [Read more...]
