Medicaid is a program that is misunderstood by some people. Just about everyone has heard of the program, and they know that it is a health insurance program for people who have very limited financial capabilities. People of all ages can potentially qualify for Medicaid as a source of health care insurance coverage. Low income earners and those who are unemployed could qualify for Medicaid, but there is another facet to the program that many people are not aware of. The Medicaid program will … [Read more...] about Why Is Medicaid Planning Relevant?
Blog – Latest Articles and Updates
Five Important Estate Planning Tips
In this blog post, we will provide five important estate planning tips that can lead you in the right direction if you want to make sure that your family is appropriately provided for after your passing. 1.) Now is the time to take action. If you are wondering when you should put an estate plan in place, the answer is now. Far too many people think that estate planning is only for senior citizens, but in reality, every responsible adult should have a plan in place. Studies show that the … [Read more...] about Five Important Estate Planning Tips
Can I Provide for a Pet in My Estate Plan
Can I Provide a Pet for My Estate Plan from John Potter Though the concerns are warranted, there is good news for seniors on the estate planning front. Responsible pet ownership is definitely within reach. Before the advent of pet trusts, it was difficult to provide for a pet in your estate plan. Learn more about provide a pet for my estate plan in this presentation. … [Read more...] about Can I Provide for a Pet in My Estate Plan
Asset Planning: Preserve What You Have Earned
The term "asset planning" can refer to different sets of circumstances. In this post, we will look at a couple of the ways that proper asset planning can preserve your resources. Lawsuits Business people can sometimes be concerned about potential legal actions. If someone were to get injured on property that you own, like a customer or a tenant, legal actions could be initiated. Professionals can also be vulnerable to lawsuits. For example, doctors are viewed by litigious types as people … [Read more...] about Asset Planning: Preserve What You Have Earned
What Is Nursing Home Asset Protection?
When you hear the term "nursing home asset protection," you may get a quizzical look on your face. Why would you need to protect your assets from a nursing home when you are going to qualify for Medicare as a senior citizen? It would be logical to assume that Medicare will pay for long-term care since it is a health-related expense that most seniors will incur. In fact, whether it makes sense or not, Medicare does not pay for long-term care. The program will pay for convalescent care for a … [Read more...] about What Is Nursing Home Asset Protection?
Is a Living Trust Right for You?
Informed planning is a must if you want to take all the right steps to provide for your family after you are gone. You have to look into the subject of estate planning rather deeply if you want to make the right choices. This may seem self-evident because you do research before you make any big financial decisions during your life. In spite of this, a remarkable percentage of people have spent no time at all planning ahead for this inevitable event that has enormous financial implications. A … [Read more...] about Is a Living Trust Right for You?
Trust Administration: Avoid Future Problems
You have control over the things that will take place after you pass away with regard to the nature of asset distributions to your loved ones. It is also possible to make sure that the resources that you are passing along are professionally managed. A lot of people think that a last will is the only way to go, because they are not super wealthy. There are certain types of trusts that are used by high net worth people who are exposed to the federal estate tax, but there are other types of … [Read more...] about Trust Administration: Avoid Future Problems
Estate Taxes Can Damage Your Legacy
Your legacy is something that your loved ones could potentially draw from after you pass away if you have been very successful from a financial standpoint. There are some families that have made very important contributions to society because they had opportunities that that were provided by their ancestors. If you have been able to build wealth, your family members could be the beneficiaries at some point in time. However, you have to be aware of the fact that estate taxes can severely damage … [Read more...] about Estate Taxes Can Damage Your Legacy
Saturday’s Charlotte Estate Planning Seminar Rescheduled
Due to some expected icy conditions, the Legacy Wealth Planning seminar scheduled for 10am this Saturday at the SpringHill Suites on Johnston Road in the Ballantyne area of Charlotte, NC, has been rescheduled. The estate planning seminar will now be held next Saturday, January 30 at the SpringHill Suites, 12325 Johnston Rd, Charlotte, NC 28277, from 10am-11:30am. More information is available on our seminar page at academydevserver.net/potterlaw/seminars. … [Read more...] about Saturday’s Charlotte Estate Planning Seminar Rescheduled
Report: Expect Charlotte Nursing Home Costs to Rise
When you find out about how much something costs, and the number is pretty high, it can be attention-getting. However, the matter gets worse if the item or service that you are researching is going to get more and more expensive as the days pass. This is something that applies to nursing home costs. Before we get into the details, we should explain why nursing home costs are relevant to you and your family. A New Era Over the years, medical science has improved dramatically, and there are many … [Read more...] about Report: Expect Charlotte Nursing Home Costs to Rise
