Medicaid Planning & Veteran Benefit Planning

in Estate Planning, Health Care Planning

By the time you’ve hit age 65, you’re probably ready to start thinking about retirement. After decades in the workforce, you might be ready to kick back and enjoy the fruits of your labor. However, retirement can come with many concerns. Do you have enough money saved up to live the rest of your life? What if you live for two more decades? Three? Will you run out of money before you run out of life? This is one of the concerns that Estate Planning tries to address. However, there’s an additional problem that can make planning more difficult: health care issues. The...

18 December

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Why You Need Disability Protection

Author Siegel Law Group

in Health Care Planning

If you operate a business, consider a succession plan a necessity in the event that you cannot return to work. While many clients already have Powers of Attorney in place, it is equally as important to have a comprehensive disability protection plan set in order. Typically, your representative under a Power of Attorney is someone you can trust, but not necessarily someone with the right experience to strategically operate your business. For this reason, it is recommended that you have a disability protection plan ready, so that your business can continue to run efficiently even in your absence. Real Estate Without proper protection, a...

29 September

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Is Estate Planning a One-Time Thing?

Author Siegel Law Group

in Health Care Planning

Over 60% of Americans do not have an Estate Plan. So if you have an Estate Plan, you have taken a key step in preparing for your future and that is an important accomplishment. However, once started, an Estate Plan can grow and change throughout your life. The following events are just some examples of life changes that might require an update to your estate plan: Changes in your finances or estate If your estate plan involves a trust, it is important that all of your assets are covered by the trust. If you have a major change in finances or your estate, for...

14 August

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Are Your Health Care Wishes Known?

Author Siegel Law Group

in Health Care Planning

Imagine being faced with the difficult decision of whether or not a suffering parent or loved one should be placed on life support or IV nutrition to keep them alive… In the unfortunate event that you or a loved one is unable to give informed consent about a medical procedure, there is still a way to communicate your health care wishes: a Living Will. A Living Will, also known as a Health Care Directive or Advance Directive, is by definition, “the legal document that lets people state their wishes for end-of-life medical care.”[1] Not to be confused with a Will that outlines property...

11 June

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Protect Your Family Property and Your Favorite Memories

Author Siegel Law Group

in Health Care Planning

Summer is here and the last thing on your mind is probably asset protection. You’re more likely thinking about an upcoming vacation or getaway, and we don’t blame you. Many families have a cabin, cottage or vacation home: a place that is not only a favorite vacation spot, but is also connected to many vivid, happy memories. While recalling all the wonderful times you’ve shared at your cabin, have you ever considered that this property is a substantial financial asset? It’s one that needs to be protected. Whether it’s been in the family for several generations or is recently acquired, chances...

Medicaid Planning & Veteran Benefit Planning

Why You Need Disability Protection

Is Estate Planning a One-Time Thing?

Are Your Health Care Wishes Known?

Protect Your Family Property and Your Favorite Memories

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