Once you have an estate plan, you must keep it up to date. Many find it helpful to review their existing estate plan for potential weaknesses near each year's end. Areas to study and change as necessary include the following. Go over your beneficiary designations...
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How much of your estate is vulnerable to Medicaid recovery?
To qualify for Medicaid, individuals need to meet strict limits established for both their current income and their personal property. It can be very difficult to qualify for Medicaid quickly when someone realizes that they need benefits. Virginia is not particularly...
Estate planning 101: Simple ways to handle debt
You might have assets or financial accounts you plan to pass on to your kids in case you die. But, like most people, you are more concerned about who gets what. While this is not bad, you should never ignore your financial obligations when planning your estate. This...