The economic impact stimulus payments approved by Congress have begun to be sent out by the IRS. Find out who is eligible, what you need to do to receive your payment, and the impact that stimulus payments will have on those who are receiving Medicaid benefits.
Videos
The Impact of Gift Giving and Financial Assistance on Long Term Care Benefits
If you are contemplating giving a gift or some other type of financial assistance to help out a loved one during this uncertain time, there are some important things you need to consider. When applying for Medicaid or Veteran’s benefits to pay for long term care, any gifts or financial assistance to family and friends in excess of $500 per month may cause a problem. The IRS and Medicaid gifting rules are entirely different and it is important to know the differences when you are considering gifting money or assets to friends and family.
Essential Estate Planning Documents: What You Need to Know
There are several key documents that make up an individual’s estate plan. A Last Will and Testament is a legal document which outlines your intentions regarding distribution of your estate. A person’s estate is comprised of the assets you own at your death and can include, real estate, bank/investment accounts and personal property. When creating your Will, it is also important to consider beneficiary designations and which of your assets (bank accounts, investment accounts, etc.) will pass outside of you Will.
Durable Financial and Health Care Powers of Attorney allow you to designate an individual (Agent) to act on your behalf to make financial and health care decisions, respectively, on your behalf should you be unable to do so.
Zacharia Brown: Who We Are
Zacharia Brown is an Elder Law and Estate Planning Firm dedicated to helping families and their loved ones plan, pay for, coordinate, and secure quality care for life. Our Attorneys focus their practice on Asset Preservation Planning, Estate Planning, Medicaid and Veterans Benefits Eligibility, Business Succession Planning & Small Business Counseling, Care Management & Advocacy, and Estate Administration.
We’re Here to Help
At Zacharia Brown, we recognize our clients concerns about the spread of COVID-19. As a result, we are offering video consultation appointments for client meetings. If you have an appointment with us, or are scheduling one in the future and have any concerns about coming into our office, please inquire about how to schedule a video consultation.
