Wartime veterans or their surviving spouse with limited income may be eligible to receive the VA Aid and Attendance benefit to help pay for the assistance they may need in everyday activities or with long-term elder care, home care aides, skilled nursing, or adult daycare. The VA announced new rules going into effect on October … continue reading the entire article
It makes sense for you to name a transfer-on-death (TOD) beneficiary for your vehicles. That way, your vehicle can be transferred to the beneficiary quickly and easily, without probate court approval. Beware: the beneficiary inherits any outstanding debts on the vehicle, as well as the vehicle. If you have a Trust, be sure to make … continue reading the entire article
Purchasing a business is exciting, but the process can be tricky and confusing. There are a variety of variables you should consider before signing on the dotted line. Here are seven common pitfalls: Not forming a business entity. Don’t begin signing contracts, leases, or loan agreements in your own name without planning and implementing your … continue reading the entire article
Wills and revocable trusts are beneficial planning documents used to pass assets on to beneficiaries after death. However, there are very distinct differences. To make the best decision for your family, you should know the three major distinctions between wills and revocable trusts. Privacy When a will is administered, it must go through the court … continue reading the entire article
A family’s life savings can easily be spent in a matter of months when a family member needs long-term nursing home care. The loss of life savings and assets, including the family home, can be devastating. There are several different Missouri Medicaid (MO HealthNet) long-term care programs for which Missouri seniors may be eligible. One … continue reading the entire article
Limited Liability Company (LLC) has become one of the most popular business entity types for solo and small business owners. It is considered to be more flexible than a corporation and has the advantage of combining the pass-through taxation of a partnership or sole proprietorship with the limited liability of a corporation, creating the best … continue reading the entire article
In today’s real estate market, many homeowners are opting to purchase a new home and convert their current house into an investment property. Whether handling the renting process themselves or using a property management company, it’s not unusual for the business structure regarding ownership of the rental property to be overlooked. If you own your … continue reading the entire article
Although there is no set time to review your estate plan, the new year is a good opportunity to reflect on any significant changes in your life during the past year to determine if your plan still meets all your goals. Time has a way of passing quickly, and it is easy to put your … continue reading the entire article
Elder law is a remarkably diverse area of practice. My philosophy is to reach out to the community to provide education on topics such as estate planning, elder law, options for financing nursing home care, and guardianship proceedings for seniors and their families. If you belong to an organization and would like for me to … continue reading the entire article
If you are purchasing or leasing property — whether a home, a condominium, a farm, or a business — you need to be aware of the legally binding easements that affect the title to the property. Separately recorded easements or easements created by deed will specify any rights that allow someone to use a property … continue reading the entire article