What to Expect When Administering an Estate or Trust

The administration of a probate estate or a trust generally takes six months to a year. The fiduciary can expect that time to involve a period of great activity at the beginning, followed by a long period of waiting...

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Medicaid Qualifying Income Trusts

Medicaid Waiver Programs such as PASSPORT and ALF Waiver have income caps. Applicants with countable monthly income in excess of the cap ($2163 in 2014) do not qualify for the programs regardless of their needs. A Qualifying Income Trust...

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Medicaid and the Family Home

Preserving the family home is the biggest concern of Medicaid applicants and their families. In addition to being the largest single asset for most, it holds deep sentimental value and provides shelter and security to close family members. To qualify...

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Life Insurance and the Medicaid Application

To qualify for Medicaid in Ohio, an individual can have only $1,500 or less in “countable” assets. Certain life insurance policies are considered “countable” assets. Others are “exempt” and will not affect the Medicaid application. Understanding the type of...

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How Much Does a Simple Will Cost?

“How much does a simple will cost?” It depends. Some people may write their own, download a form or copy the language from a friend’s will “for free”. The cost of those documents is generally paid years later in...

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Don’t Keep Secrets and Don’t Be Left in the Dark

Do you know where your assets are? Many people don’t. So long as there is regular income and some money in the bank, we do not bother to take a complete inventory very often. There are some people who...

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Cracking Open Your Nest Eggs

“Put all your eggs in one basket…and watch that basket.”-Mark Twain Whether you invest on your own or have the help of a financial advisor, it is important to understand what is inside each of your “nest eggs” so you...

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Choose a Health Care Agent with ANGST

Selecting someone to be the agent named in your power of attorney for health care is one of the most important decisions you will ever make. This person could be making life or death choices for you one day....

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Your Aging and Preparedness Kit

January is the month we make our resolutions for the New Year. Usually these resolutions involve diet, exercise, quitting smoking and the like. A resolution that should not be overlooked is organizing our legal and financial affairs for the...

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Varieties of Power of Attorney

Dear Mr. Premack: Does a power of attorney have to be notarized in order for it to be valid? - CRM Your question is deceptively simple because you say “power of attorney.” There are a variety of legal instruments which...

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