As the coronavirus continues to disrupt daily life and leave Americans uncertain of the future, you don’t have to feel helpless during this pandemic. In fact, now is a great time to be proactive and plan ahead should you or a loved one fall ill.
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Planning for the Graduate
It is that time of year when a new group of parents prepare to send their young adult children off to college. Books are purchased. Plans are made. Move in dates are scheduled. Students go off on their own; but, they are not quite grown.
Continue readingMore TagEstate Planning: Practical Pandemic Preparations
Americans have spent countless hours preparing or trying to figure out simply how to prepare for the unknowns that accompany the pandemic that has now reached our community. I think the adage “an ounce of prevention is worth a pound of cure” never rang more true than it does today.
Continue readingMore TagEight Top Estate Planning Mistakes in 2020
Many people have an estate plan but most plans have at least one of these common mistakes.
Continue readingMore TagHow the Secure Act Affects Beneficiaries of Retirement Accounts
The Setting Every Community Up for Retirement Enhancement Act (SECURE Act) took effect January 1, 2020. It is the most impactful legislation affecting retirement accounts in decades.
Continue readingMore TagTips for Family Caregivers
Family members provide a large majority of care for ill, disabled or aging loved ones. Caring for a family member is often accompanied by a unique set of financial, emotional, and physical challenges. Caregiver burnout occurs when a caregiver does not get the help he or she needs and tries to do more than physically or emotionally able.
Continue readingMore TagMoving a Guardianship
Mom lives in Arkansas, is having problems, and you live in another state. If mom planned well and signed a power of attorney, then you can work it out with mom.
Continue readingMore TagProbate Is Not Evil
A client visited with me this month and we discussed whether probate (the process in which a will is proven and used) was a good idea for his parents.
Continue readingMore TagPlanning with a House Trust
A house trust is a special purpose trust that is a particularly useful estate planning tool for those in second marriages and for unmarried couples. In these situations it is common for the couple’s primary residence to be titled in only one spouse’s name.
Continue readingMore TagMedicaid Eligibility for Long Term Nursing Care
Medicaid is a federally funded health care program for low-income individuals that is administered by the states. While there are many different eligibility groups, this article focuses on elderly Arkansans needing long term nursing facility care.
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