In order to qualify for Medicaid nursing home coverage, a person’s total assets must be under a certain level. For many people, their main asset is their home. Under Medicaid’s asset cap, a person’s primary residence is exempt from the asset cap. However, this...
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...
