Creating a comprehensive estate plan which addresses all of your goals and creates the tools and organizational structure you need is one of the best gifts you can give to yourself and to your loved ones. If you have an estate plan in place, do not make the mistake of failing to review and update that plan on a regular basis. Things change, and when change occurs, your plan should be realigned. Whether it is changes in your family, your goals, your health, your assets or the law, any one of … [Read more...]
5 Things You Need to Know about Qualifying for Medicaid As a Senior
Like many people, you may have been fortunate enough to make it through your entire working years covered by employer-sponsored or privately funded health insurance. Consequently, you had no need to qualify for Medicaid. As a senior, however, there is a good chance that might change, and if you are not prepared, your retirement nest egg could be at risk. To help ensure that you are prepared, the Durham Medicaid Lawyers at Clarity Legal Group discuss five things you need to know about qualifying … [Read more...]
What to Know Before Agreeing to be a Trust Administrator
In August, the Trust and Estate Lawyers of Clarity Legal Group held our first Fiduciary School for individuals named as future Trustees, Executors, and Agents under General or Health Care Powers of Attorney. I had long want to address this important gap in the efficient administration of our client's affairs by beginning to prepare these people who play a critical role in the effective management of client affairs. This class was just a beginning, but I think we did effectively define a context … [Read more...]
Estate Planning Attorneys Offer Counselling about IRAs
Saving for retirement is important and estate planning and elder law attorneys can provide the help that you need to ensure you have financial security during your golden years. One of the best ways to make sure you have saved enough for retirement is to invest regularly in IRAs, 401(k)s, 403(b)s or other work related retirement accounts. However, you need to understand rules for IRA and Retirement Account management and operation and you also need to consider what will happen to these accounts … [Read more...]
North Carolina Nursing Homes Could be Kicked Out of the Medicare Program
The Medicaid lawyers of Clarity Legal Group, serving Raleigh, Durham, Cary, Chapel Hill and surrounding areas, help seniors to make certain they can pay for nursing home care. In most cases, nursing home care has to be paid for by Medicaid because Medicare won't cover it. Medicare only pays for skilled nursing care and provides coverage only in very specific situations. That's why Clarity Legal Group works with seniors to help them become eligible for Medicare coverage and ensure they can … [Read more...]
What Happens to Your Assets if You Don’t Make an Estate Plan?
Chapel Hill estate planning lawyers can provide personalized help and support in making sure you control what happens to your legacy. It's imperative that you ensure you have made plans in advance for your money and property so you can control what happens to your wealth after you pass on. The title to this post asks what happens to your assets if you don't make an estate plan. The simple answer to this is: you won't know. Estate planning is a lot of things, but I think of it as a tool to … [Read more...]
How Trust Lawyers Help Trust Beneficiaries in the Triangle
The trust lawyers at Clarity Legal Group will work closely with you as you plan your legacy so that we can help you facilitate the transfer of assets via trust. Transferring money and property via a trust can help your heirs or beneficiaries by making it faster, easier, and less expensive for them to inherit. Our firm provides assistance with all aspects of trust creation, including the process of determining whether a trust is the most appropriate legal tool for your particular situation, … [Read more...]
Your Trust Administration Checklist
If you have been put in charge of the trust administration process to settle an estate involving a living trust, this trust administration checklist can help you. There is a lot of responsibility that is involved in administering a trust and you need to ensure that you have done the necessary steps to facilitate the timely and efficient transfer of assets to the beneficiaries designated in the trust after the trust creator passes away. Having a checklist can help. A trust administration … [Read more...]
What is Considered a Countable Asset for Medicaid?
If you are getting older, it is important that you have a plan for paying for your care should you end up suffering from age related disabilities. Do you have the resources to self pay for home care or skilled nursing care should your family be unable to care for you without help? Should you purchase long term care insurance or is the long term care insurance you already have adequate to meet your needs? What does your long term care insurance cover and might you have needs which are not … [Read more...]
Planning for Frequent Flyer Miles
This is a post from my friend Steve Hartnett, the Director of Education at the American Academy of Estate Planning Attorneys, about the transfer of frequent flyer mile accounts to beneficiaries. It mentions that Anthony Bourdain had a specific gift of his airline miles in his Will and at least raises the question whether this rights are always transferrable in this way. The post points out that these are contractual rights and not all companies will have the same policies. Planning for … [Read more...]
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