This is the third in a three-part series of articles on Powers of Attorney. The first article examined the Financial Power of Attorney. The second article examined the Healthcare Power of Attorney and Advance Directive. This third article in the series focuses on a “HIPAA” Power of Attorney. These three documents are the keystone in even the most basic estate plan. Power of Attorney Brief Review Earlier in the series, we saw that a Power of Attorney is a document by which you appoint someone as … [Read more...] about The Basics: “HIPAA” Powers
The Basics: Power of Attorney for Healthcare
Powers of Attorney are part of even the simplest estate plan. A Power of Attorney allows your Agent to act for you. There are Powers of Attorney for financial matters and also those for health care. This article concerns the Healthcare Powers of Attorney and Advance Directives. This is the second in a three-part series of articles on Powers of Attorney. The first article examined the Financial Power of Attorney. This second article examines the Healthcare Power of Attorney and Advance … [Read more...] about The Basics: Power of Attorney for Healthcare
Beneficiary Designations, etc., Aren’t a True Substitute for a Trust
TOD / POD, beneficiary designations, and joint tenancy can be simple ways to transfer assets at death. However, these simple methods lack some of the benefits of a trust. Read on to learn more. by Steve Hartnett 0 Comments TOD (Transfer on Death) designations, POD (Pay on Death) designations, and beneficiary designations can be useful in the right circumstances. Each of these tools allows for an automatic transfer to the named beneficiary at the death of the owner. But these tools … [Read more...] about Beneficiary Designations, etc., Aren’t a True Substitute for a Trust
Nursing Home Lawyers Discuss the Benefits of Planning
Most of us know that nursing homes can be very expensive, even if we don't have a loved one already residing in one. The unfortunate reality is that most private health insurance coverage does not include nursing home services. Even those with Medicare coverage may not receive sufficient coverage to make Kentucky nursing homes affordable. So, when it comes to the need for nursing homes, our nursing home lawyers can help you be prepared. Understanding the basics about Medicaid Medicaid is a … [Read more...] about Nursing Home Lawyers Discuss the Benefits of Planning
Planning for Lottery Winners, Part 1 of 2
How many of us have wanted to win the lottery? I have. How would winning the lottery effect your estate plan? This article is the first of a two part series. Here we take a look at avoiding pitfalls, even if you did not win the lottery. The second part concerns planning strategies to consider. Last week, a very lucky individual in San Jose, California, purchased the winning Mega Millions Jackpot ticket, matching all six numbers. The winner can choose between payments totaling $543 … [Read more...] about Planning for Lottery Winners, Part 1 of 2
