What Happens to an Estate Plan During a Divorce?

Divorce is a legal action that does far more than just end your marriage. Divorce also disentangles your financial connection, including the estate plan you created while married...Read More »

Can Stepparents Have Custody Rights in a Divorce?

Stepparents often grow very close to their stepchildren. In fact, a stepparent can build as strong a bond as any parent, and this can make divorce that much more painful...Read More »

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Divorcing Later in Life

As more and more of the population have empty nests, they are looking forward to the next phase of their life. With longer life expectancies, many older adults are deciding to “wait out” an unhappy marriage, and are choosing to get divorced later in life...Read More »

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Benefits of Divorce Planning

Most people do not get married planning to get divorced, so the idea of “divorce planning” may feel wrong. However, if you have signs that the end of your marriage may be imminent, divorce planning is definitely a concept to consider...Read More »

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How Do Medicaid Rules Differ For Home Care?

It’s no secret most Americans would prefer to remain living at home rather than living in a nursing home if possible. Additionally, home care is usually less expensive than full-time long-term care such as a nursing home...Read More »

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What Is The Period of Medicaid Ineligibility and When Does It Begin?

Many people who need long-term care are also reliant on Medicaid to help cover the costs of their long-term care facility. This is because Medicare and most private insurance companies do not cover long-term care, but Medicaid does...Read More »

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When It Comes To Medicaid Planning, What Is a Power Of Attorney and Why Have One?

When planning for your financial future, having a power of attorney and planning for the need for Medicaid eligibility are some of the most important tools available in the estate planning process...Read More »

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Don’t Make These Costly Medicaid Mistakes When Your Spouse Enters a Nursing Home

When one spouse is entering a nursing home and the other spouse remains healthy, there are many costly mistakes you want to avoid. If the couple is not properly aware of their rights and protections allowed by Medicaid laws, they may quickly deplete their resources and assets, leaving the healthy spouse in a position of facing impoverishment...Read More »

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What Family Situations Require Medicaid Planning?

Medicaid planning is the careful use of estate planning tools to help a Medicaid applicant meet Medicaid eligibility guidelines while also protecting their assets from being countable assets. Medicaid requires potential Medicaid beneficiaries to meet set income and asset limits to qualify to receive benefits...Read More »

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What Is a Medicaid Asset Protection Trust?

In a perfect world, no one would ever have to worry about how to pay for the cost of long-term care when they need it. Unfortunately, the high costs of long-term care make it difficult for people to save the money they need to pay for care and most people don’t buy and maintain long-term care policies when they are young and well enough to do so...Read More »

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What is the Veteran’s Aid and Attendance Benefit?

If you are a Veteran who has served our country in the military or armed forces, or if you are the surviving spouse or surviving child of a Veteran, you are entitled to certain benefits and assistance programs offered by the United States as a thank you for your service and sacrifice...Read More »

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How Transferring Assets Can Impact Your Medicaid Eligibility in Kansas

Thinking about needing long-term care such as a nursing home or assisted living facility is never a pleasant thought. However, it is an important possibility to consider when planning how you will protect and preserve your assets and legacy for your beneficiaries in the future...Read More »

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Why You Need a Skilled Medicaid Planning Attorney on Your Side

Having the guidance of a trusted Medicaid planning lawyer when structuring your assets to preserve them in the future is extremely important. Without a trusted advisor, there are many mistakes you could make that could affect your ability to qualify for Medicaid benefits if you need them in the future...Read More »

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What Assets Affect Medicaid Eligibility In Kansas?

Many seniors spent their entire working careers receiving great employer health insurance coverage and never having to think about whether they would qualify for Medicaid benefits. However, as you become a senior and enter into your retirement years, you may find you still need help covering the out-of-pocket expenses Medicare doesn’t provide coverage for, especially if you are faced with a medical condition requiring long-term care...Read More »

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How Medicaid Protects Our Seniors

You have worked hard over the years to acquire the assets you have as a senior in retirement. But as you age, you will likely begin to face more serious and more expensive medical needs than you have ever experienced in your past. Protecting your assets is important to maintaining the financial stability of your own future and the legacy you leave behind for your beneficiaries...Read More »

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Why Medicaid Planning is So Important

Most seniors depend on Medicare to provide the coverage for their healthcare costs they need to protect their financial stability and assets. However, there are many major healthcare costs Medicare does not cover...Read More »

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Long-Term Care Options Covered By Medicare

As Americans are living longer, the need for long-term care continues to grow. Proper planning for this stage of life is important. As you plan for your future or that of a loved one, it is important to understand the long-term care options that are covered by Medicare...Read More »

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Qualifying For Medicaid With a 401(k) or IRA

When planning for retirement, it is important to consider all of your financial assets, and to explore any impact those assets have on your eligibility to receive benefits, such as Medicaid. For many individuals, an employer-sponsored retirement plan – 401(k) or Individual Retirement Account (IRA) is the largest asset in their financial portfolio...Read More »

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Are Children Responsible For Parents’ Debt After They Pass Away?

As you look to the future and discuss financial planning, you may wonder if children are responsible for their parents’ debt after they pass away. The answer to that question is that it depends...Read More »

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Medicaid Application Assistance

As of August 2018, an estimated 66.7 million Americans were enrolled in Medicaid, according to the latest U.S. government report. Medicaid provides valuable health benefits but the arduous, time consuming application process discourages many qualified individuals from applying for Medicaid assistance all together...Read More »

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What is Medicaid Planning

You make plans for weddings, businesses, vacations, retirement, and more. However, healthcare costs can affect every project you have in the works. Even if you're not planning to apply for Medicaid, don't ignore the option. Your family may need it when an unexpected illness or a catastrophic accident results in enormous healthcare costs..Read More »

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Why Medicaid? Medicare Won’t Be Enough

You can't count on Medicare until age 65. When you get there, don't count on Medicare to be what it is today. With the aging population, the increasing load on Medicare, and the high cost of healthcare, you must seek out other options for public assistance to pay medical bills...Read More »

Ten Warning Signs of Elderly in Need of Help

Older adults are a growing part of our nation that can contribute to the economy and their financial well-being and healthcare. However, they experience unique challenges to their independence, such as unreliable pensions and increased healthcare costs... Read More »

Buzz Aldrin Sues His Children and Alleges Misuse of His Finances

A Florida state court lawsuit involves Buzz Aldrin, who is suing his former business manager and two of his children alleging that they misused his credit cards by claiming that he has dementia and is not able to care for himself. His children filed a petition claiming... Read More »

Protection Must be Included in Estate Planning

Asset protection and protection in general must be important cornerstones of the estate planning process.Far too many people think about how to most easily transfer their assets... Read More »

Don't Have an Unplanned Exit in Your Business

Many people who own their own company assume that their family members may ultimately step in to manage the business. But what happens if your children or other family members... Read More »

Get Organized with This Estate Planning Checklist

Most people are already aware of the benefits of estate planning, whether they've done it themselves or experienced an estate planning disaster brought forward by the experiences of... Read More »

Tips for Those Have to File Taxes After a Loved One's Death: Probate

After someone passes away, it is extremely important to send in a final tax return. If an individual passes away over the course of the year and he or she received income during that same period, then it's final tax return must be filed, either by the heirs or an executor. If your spouse... Read More »

Tips for Protecting Your Money from Medicaid

As many people are approaching age 65 and beyond, it is more important than ever for baby boomers to consider appropriate strategies to protect their money... Read More »

How to Include Plans to Pay for College in Your Estate Planning

Planning for the future goes well beyond saving for a child's college education. Parents also must think about what could happen to a college savings account if they are not around... Read More »

Stroke of bad luck leads to bankruptcy

While there is one word to describe the state of being in an untenable debt situation — bankruptcy — there are four distinct types of filings available to pursue relief from that debt. There are those types designed for individuals and then there are those designed for businesses. In Kansas, sometimes the two entities are… Read More »

Bankruptcy tourism? Not likely in Kansas

Believe it or not, individuals considering bankruptcy may now be taking a page out of the playbook of medical tourists. Medical tourists travel from countries with expensive health care systems to countries with cheaper systems for medical procedures. So, a Kansas resident with tonsillitis might travel to India for surgery. But now, some people may… Read More »

Former college football coach reaches bankruptcy settlement

Any Kansas resident considering filing for bankruptcy should keep in mind that people from all professions and all walks of life use bankruptcy as a tool to eliminate debt. For individuals facing a seemingly relentless flood of debt, paying critical expenses, stopping foreclosure and stopping repossession of vehicles are often first priorities. Personal bankruptcy can… Read More »

Disaster preparedness should include financial preparedness

From tornadoes to wildfires, our nation has seen many natural disasters in the past few years. In the state of Kansas alone, 40,000 acres and 26 structures have burned due to prolonged drought coupled with high temperature. Beyond the physical loss of homes and businesses, there is an emotional and financial challenge that develops when… Read More »

Kansas recovering from economic downturn faster than national average

One of the big issues in this election year is jobs. Here in Kansas, citizens are reviewing the results of the 2012 Kansas Economic Report. Though the state unemployment rate has dropped since 2011, those still seeking employment remain concerned about Kansas’ job growth rate. Failure to secure employment puts these citizens in danger of… Read More »

Drop in foreclosures could signal stabilizing housing market

The last few years have brought job loss, under employment and general economic instability for many Americans. This week brought some good news to a housing market that has been staggering under the weight of the nation’s economic decline. Foreclosures have fallen in more than 60 percent of cities in the United States. A slowing… Read More »

Hostess bankruptcy closing bakeries in Kansas

The iconic American food company, Hostess, has announced that a judge has approved a plan to close the company. Lovers of such products as Twinkies, Wonder Bread and Drake’s snacks are clamoring to buy their beloved favorites before they possibly disappear forever. This development marks the end of 82 years of conducting business. It also,… Read More »

The real cost of Kansans getting a college education

For many Kansas residents, getting a college education is one of the first financial investments young people make. Unfortunately, given the ever increasing costs, a wrong decision could lead to unexpected financial difficulties in the future. For many people, getting a clear view of the costs of education may be a challenge. However, there are… Read More »

The new threat to social security

Working Americans have paid into the social security system and are expecting a return in their retirement. Currently the cost of living adjustments are calculated using the Consumer Price Index (CPI). However, a new budget proposal presented by the White House attempts to use a different rubric to calculate cost of living. The potential changes… Read More »

How bankruptcy can help where credit counseling has failed

It is often said on this blog that unexpected life events can result in huge financial distress. This is very true for one family that discovered their child had a learning disability. After one couple’s son was extensively tested, it was discovered that he had an auditory processing disorder. However, his scores were not low… Read More »