1 02, 2023

What Are the Benefits of Having a Testamentary Trust?

2023-02-01T21:03:38-05:00February 1st, 2023|

There are various benefits to creating a testamentary trust. This article discusses the benefits of adding a testamentary trust to your estate plan. What Is a Testamentary Trust? A testamentary trust allows a testator to manage wealth by giving a trustee [...]

30 01, 2023

Medicare Will Now Cover Medically Necessary Dental Care

2023-02-01T21:28:22-05:00January 30th, 2023|

In November 2022, the Centers for Medicare and Medicaid Services (CMS) announced that Medicare coverage will be expanded to include medically necessary dental services. This change in Medicare rules will allow people with life-threatening conditions to receive dental care and [...]

27 01, 2023

Step-Up in Basis and Why It Matters in Estate Planning

2023-01-26T09:03:58-05:00January 27th, 2023|

Recent news stories may have made you aware of the “step-up in basis” and the current administration’s desire to eliminate or adjust it. If you are considering engaging in estate planning or you may be inheriting assets, it is important [...]

25 01, 2023

Start 2023 Prepared: Reassess What Matters Most

2023-01-25T07:25:10-05:00January 25th, 2023|

If we have learned anything these past few years, it’s that life is fleeting. Amid such uncertain times, many of us have realized what – and who – truly means the most to us. Estate planning allows you to reflect [...]

23 01, 2023

Protecting Spouses of Medicaid Applicants: 2023 Guidelines

2023-01-22T11:37:54-05:00January 23rd, 2023|

The Centers for Medicare & Medicaid Services (CMS) has released the 2023 federal guidelines for how much money the spouses of institutionalized Medicaid recipients may keep, as well as related Medicaid figures. What Are Spousal Impoverishment Rules? Spousal impoverishment is a concern [...]

20 01, 2023

Pros and Cons of a Medicaid Asset Protection Trust

2023-01-20T01:57:47-05:00January 20th, 2023|

A Medicaid Asset Protection Trust (MAPT) is one option a person may consider to protect their assets from Medicaid and nursing homes or long-term care. A MAPT is an irrevocable trust created during your lifetime. The primary goal of a [...]

20 01, 2023

5 Smart Estate Planning Strategies for High-Net-Worth Families

2023-01-20T07:52:28-05:00January 20th, 2023|

If you are a high-net-worth individual, it’s essential to have a comprehensive estate plan in place. However, every family’s circumstances are unique, and there is no one-size-fits-all solution for estate planning. Below are five estate planning strategies that may be [...]

16 01, 2023

New Rule Aids Seniors Who Are First-Time Medicare Enrollees

2022-11-06T14:37:08-05:00January 16th, 2023|

A new rule going into effect January 1, 2023, is setting seniors up with improved access to health care coverage. Your Medicare Initial Enrollment Period (IEP) begins as you approach your 65th birthday. For the three months leading up to [...]

13 01, 2023

Will You Lose Your Medicaid Coverage When the Pandemic Ends?

2022-11-06T14:37:07-05:00January 13th, 2023|

When the COVID-19 pandemic began, the government declared a public health emergency and gave the states the ability to provide more citizens with health insurance through Medicaid. As a result, 25 percent more Americans now have access to health care, including [...]

9 01, 2023

What to Do If Medicare Denies Coverage for Prescription Drug

2022-11-06T14:37:06-05:00January 9th, 2023|

Receiving a denial at the pharmacy for a drug you need can be a stressful experience. When Medicare declines to cover a prescription, some might worry that they cannot afford the medicine out of pocket. Others might also need the [...]