When you’re in the process of applying for Medicaid in Virginia, you need to know what you already own or receive in terms of assets and income. This is because Medicaid, while administered at the state level, is a federal program that is meant for those ...
What a Trustee Needs to Know About Making Final Distributions to Beneficiaries
Although beneficiaries of a trust will naturally have questions earlier on in the process, the concept of when they'll receive their check or the assets set aside for them usually needs to be answered later on. Making distributions of remaining trust asse ...
How Should I Fund an Investment or Bank Account in My Name Into a Trust?
When you are moving assets into a revocable living trust, it's important to remember that the guidance of an estate planning attorney can be instrumental in making this process easier. Funding brokerage investment or bank accounts into your revocable l ...
What Kinds of Property Should Be Placed Inside a Living Trust?
Want to use a living trust in Virginia? Or need more information about how a living trust differs from an irrevocable trust? In these cases, educating yourself is a great first step and one that you can follow with a Virginia Beach estate planning lawyer ...
When Does Medicaid Pay for My Virginia Nursing Home?
Does your loved one need to stay in a nursing home due to advanced medical care needs? This might raise a lot of questions from a financial perspective as you and other family members scramble to figure out what to do next. Not every person in Virginia ...
Three Tips to Maintain Your Savings in Retirement
Approaching retirement means thinking about your finances and your working life differently. For plenty of soon-to-be American retirees, it's just as important for them to protect their savings as it is to have a good plan for spending it during their ret ...
What Is Medicaid Spend Down in Virginia?
If you are trying to help a loved one apply for Medicaid in Virginia, you’ll discover many different terms and phrases related to this process. One of them is Medicaid spend down. The term Medicaid spend down refers to families and individuals who woul ...
Understanding Virginia’s PACE Program
Seniors in the Commonwealth of Virginia may need support in the form of a health plan. The PACE Program, also known as the Program of All Inclusive Care for the Elderly, allows seniors to have a total health care solution that is separate from a nursing h ...
How Does Virginia Medicaid Evaluate Senior Applicants?
Every state has the responsibility of determining what parameters will allow a person to receive Medicaid payments. Since Medicaid is a government program designed to provide parties who have no other method of paying for their care, it is important to pl ...
Should You Use a Gift Account for Minors?
Expanding your family through the birth of grandchildren is an exciting prospect. It also prompts plenty of grandparents to think about how they could effectively help their grandchildren save. This is a common goal for many parents as well as grandpar ...