Reverse Mortgages

Hardly a day goes by that you may not see an ad by a famous movie star, or retired politician on television advertising reverse mortgages.  So why would a bank spend significant funds on advertising to “sell money” when...

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Not Wise to Wait and Plan

Over the last month I have consulted with many lovely and inspiring clients age 90 and up. These clients share the common goals of making sure they receive quality care for the remainder of their lives while at the...

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I Do, But I Don’t

Modifying Estate Plans in the Face of Catastrophic Illness By far, the most popular estate plan that I draft is what I refer to as the “I Love You" plan. Husband executes a will leaving everything to wife. Wife executes...

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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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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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