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Medigap insurance plans are additional private insurance options on top of Medicare that cover health care costs that Medicare Part A and B do not cover such as deductibles, coinsurance for some services, and various copayments. Medigap policies are bought by...

As of October 18, 2018, new rules will go into effect that will change eligibility guidelines for VA pensions. The changes apply to all types of VA pensions. VA pensions are available to wartime veterans and their surviving spouses. The money is tax-free and can be...

Both a guardianship and a durable power of attorney are tools that allow for someone to to protect the interests of person unable to act for themselves. Under both, the person exercising power owes a fiduciary duty to the incapacitated person to act in their...

Both wills and trusts are documents that can direct how assets get distributed to a person’s beneficiaries. Depending on the situation, a person could have both a will and a trust as part of their estate plan. One of the major differences between a will and a trust is...

A power of attorney is a document where a person names another person to act as their agent in certain circumstances described in the text of the power of attorney. The agent can then act on behalf of the person who signed the power of attorney, known as the...

When it comes to the proper functioning of a trust, the trustee has the responsibility to make sure everything works the way it is supposed to. The trustee makes sure to manage the trust’s assets on behalf of the trust’s beneficiaries in accordance with the guidelines...

Special needs trusts can be valuable tools to help provide for someone with special needs. One option to fund a special needs trust is to name the trust as the beneficiary of a person’s retirement account. However, there are a number of areas to watch out for that...

As individuals get older, the question of whether or not a person should still be behind the wheel can come up. While there may come a time when a person is unable to drive safely, there are steps people can take to stay on the road for longer. As a person gets older,...

Choosing a nursing home or specialized care facility is an important decision that can significantly affect the quality of life of a potential resident and their family. Medicare has a ratings system that aims to provide the public with information about how to choose...

The elderly are often targets for various forms of financial exploitation. Exploiters often seek out the elderly to victimize because of their increased likelihood of isolation due to physical limitations, death of their spouse, or loss of interpersonal interactions...