Estate Planning can be a tough discussion, but having a trust and will in place when the time comes can help answer the important questions for your loved ones. Your estate plan will outline your wishes for the transfer of your assets when you die. The written legal document detailing your wishes is usually a [...]
Imagine you worked your entire life to pay off your mortgage and build a retirement fund and then your health failed to the extent that you needed to relocate to a nursing home. Due to lack of other programs and the costs, Medicaid has become the Long-Term Care planning tool for the middle class. Medicare [...]
Most people have probably heard advice from someone that they should have a will. When pressed for reasons why, those giving the advice may have trouble coming up with something more than, “for tax purposes” or “to avoid probate.” Here’s a summary of the benefits of having a will and keeping it current. Naming [...]
This quarter’s article by Joshua Buckingham, CPA, of TD&T's Oskaloosa office, provides helpful information on considering long-term care insurance options. If you’re like at least 75% of baby boomers, you’re not well-prepared to cover the costs of long-term care for yourself or your spouse. One fourth of baby boomers claim that they have long-term [...]
