Special Needs Planning: Planning for the Disabled Child
Estate planning for parents of disabled children requires more care and consideration than a simple Will. The financial and personal well being of a disabled child can only be property protected by utilizing special needs planning. This article will focus on the use of special needs trusts for disabled children and their parents. Economically, a…
Veterans Benefits
Certain Veterans are entitled to a cash grant from the Federal Veterans Administration to assist in paying their cost of long-term care. The principal program is called “Aid and Attendance.” Veterans, widowed spouses, and dependent or disabled children of a Veteran may be eligible. The rules are as follows: Veterans must have served at least…
Continuing Care Retirement Communities
Introduction Continuing Care Retirement Communities (CCRCs) are an excellent alternative for long term care for the middle and upper middle income population. These facilities offer residents an active lifestyle with many friends and plenty of activities. In fact, most people enter CCRCs close to their home and know a certain number of residents upon admission….
Reverse Mortgages – Are They Good For Your Clients?
Reverse mortgages are increasing in popularity. These instruments can be a very useful tool for some people if properly used, but can actually be harmful in certain situations. What is a Reverse Mortgage? A reverse mortgage is a device where the borrower taps into the equity of their home and borrows money without the need…