At a basic level, trusts have three roles. The settlor, or trust creator, dictates the terms of the trust and places assets in the trust. The beneficiaries are the people for whose benefit the trust was created. The trustee then manages the trust assets for the...
While Medicare eligibility begins at age 65, some people, under certain circumstances, may choose to delay enrollment in certain aspects of Medicare. Medicare Basics Individuals become eligible for Medicare at age 65. Medicare Part A covers inpatient hospital care,...
The recent death of former first lady Barbara Bush and the earlier disclosure that she had chosen to no longer seek medical treatment in favor of comfort care raised issues about medical decisions and end-of-life planning. Active medical treatment of chronic...
When creating a power of attorney for a potential incapacity, there are two general options regarding when the powers in the document will take effect. One option is to have the powers listed take effect as soon as the document is signed. This is typically referred to...
When it comes to what Medicare does and doesn’t cover, the distinction between skilled care and custodial care is important. In short, Medicare covers skilled care, but not custodial care. Skilled care generally is provided by a licensed medical professional in a...
People who have full mental capacity can change their estate planning documents at any time by executing new documents. The reasons for creating new documents may range from new personal preferences to fixing technical problems. In time, however, an individual may...
