Medicaid planning is, for many people, an effective means of preparing for the potential medical costs that come with needing long term care. Medicaid planning can be immensely beneficial, and protect you from needing to pay for your long term care out of pocket. But how exactly does Medicaid planning work, and how might it potentially benefit you?
Tag: estate law
Why Are Advance Directives Important For Your Estate Plan?
When people create their estate plans, it is generally considered a good idea to include advance directives as a part of them. This is because they help to avoid some of the biggest legal hurdles you or your loved ones may face as you get older. But what exactly are advance directives, and why exactly are they potentially important for your estate plan?
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When is the Right Time for a Legal Guardianship?
Depending on your circumstances, it may be necessary to seek a legal guardianship over a relative or someone you care about. Guardianship often is the result of unforeseen circumstances. When exactly is the right time for you to seek a legal guardianship over your loved one, and what should you do if that time comes?
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Seven Common Traps to Avoid When Planning Your Estate
Planning your estate can be more complicated than most people realize, especially if you have a complex estate or a large number of assets. Being careful to avoid potential issues is critical to ensuring you and your family do not face serious trouble when it comes time to administer your estate. Here are seven common traps you should make sure to avoid when planning your estate:
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The Benefits of a Power of Attorney
A power of attorney is an essential part of any estate plan, but a shocking number of people do not have one. Without this critical document, you may face a substantial number of legal issues that otherwise you might have been able to avoid. But what exactly is a power of attorney, and what are the benefits of having one?
Five Things to Know About Living Trusts
A living trust, also known as an inter vivos trust, is a type of trust that can benefit you both while you are still alive, and after you pass away. However, before you think about creating a living trust for yourself, it’s important to understand what it is and what benefits it can offer. Here are five things you should know about living trusts:
Legal Issues Remain After Passing of Gene Hackman
Eugene Allen Hackman, or Gene Hackman as he was commonly known, passed away in February 2025, shortly after the death of his wife Betsy Arakawa. Although this tragedy is bad enough on its own, there are issues with their wills and Trusts that have raised serious legal concerns after their passing. Even worse, these documents were signed about two decades ago, making them potentially much harder to contest. Gene Hackman’s estate is estimated to be approximately $80 million dollars.
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Fight Over Murdoch Trust Reveals Estate Planning Issues
A legal fight over the family trust of media mogul Rupert Murdoch has resulted in a surprising loss for the billionaire, which could have significant implications for his family and his business empire. Murdoch, the owner of numerous television and newspaper companies, wanted to change the trust to favor one of his children over the others. However, he has lost the battle, showing the importance of proper and timely estate planning.
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Five Important Things You Should Know About Living Wills
Depending on your exact circumstances, a living will can be an important part of your estate plan. It can make your wishes clear to your loved ones and your doctors, ensuring you receive the care you would want if you can no longer make your own healthcare decisions. Here are five important things you need to know about living wills:
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What Role Can a Living Trust Play in Your Estate Plan?
For some people, a living trust can be an incredibly useful way to organize their assets as part of an estate plan. Not only is it an effective means of distributing your assets, but it can potentially have significant tax benefits and offer other useful protections. But what is a living trust, exactly, and what role can it play in your estate plan?
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