Life insurance is a popular tool that is often used in planning a person's estate. This also applies of course to the estate planning regarding a married couple and their children. Traditionally, in Texas and elsewhere, the purchase of life insurance was designed to...
Month: September 2016
New rules demand emergency plans for long-term care providers
Texas is a state that has its share of natural and man-made disasters. The federal Centers for Medicare & Medicaid Services (CMS) are concerned that residents of health care facilities will be well protected and cared for during a future emergency. The owners of...
Long-term care may be worst financial problem in post-retirement
After retirement, the average person has about a 50 percent chance of needing to be cared for in a nursing or similar institution. The chances are that for many the cost of such long-term care services will be out of reach. For an average 2.5 years stay in a Texas...
Estate planning requires regular review to keep the plan current
In Texas, the preservation of one assets, preparing plans for how those assets may satisfy certain needs in one's elder years, and also having a plan for the distribution of assets to family and best friends are all major considerations to keep one's affairs in...
Long-term care laws may often be used to save family home
It's a common scenario in Texas and elsewhere: an elderly couple enjoying retirement face a crisis when one of them gets ill and incapacitated and needs to enter a nursing home or similar facility right away. The spouse at home is in relatively good health and is...