iqnection, Author at Estate Planning & Elder Law Attorney Montgomery County

Advance healthcare directive document with a stethoscope and medical charts

What is an Advanced Health Care Directive?

An Advanced Health Directive is a written document which provides special directions to your agent as to whether or not you wish to have limitations placed on your health care options. Essentially, you are laying out under what circumstances medical care will be provided to your person if you become seriously ill and are unable to make a competent decision on your own behalf.

Reasons to Designate a General Power of Attorney

A Durable Power of Attorney is a formal written document whereby an individual (called a “principal”) can designate a family member or some other trusted person (called an “agent” or “attorney-in-fact”) to have the power to act on his or her behalf. Through this document, the principal can share with the agent almost every power the principal has, including the power to enter into contracts, issue checks, endorse checks, pay bills and make decisions as to medical care in the principal’s name.

Last Will and Testament, pen and gavel on wooden table, closeup

What is the Purpose of a Will?

A Will is a document by which a person (called a “testator”) can direct a person (called the “executor”) how to distribute the testator’s assets when he or she dies. The Will is used to carry out the intention of the testator as to who gets his or her assets and what each person gets at his or her death.

a U.S. veteran walking with his wife in nature

Are you a Veteran? 8 Veterans Benefits You Should Know About

Veterans Benefits are available to those individuals who entered and served in the United States Armed Services, as well as to their Dependents and Survivors. These benefits are made available through the United States Department of Veterans Affairs (VA).

Various parts of Medicare

In the U.S., you qualify for Medicare and its benefits at 65, or earlier due to disability, and are automatically enrolled in Part A. Before we go any further, we should describe and define its various parts. Part A: Hospital insurance covering inpatient care, skilled nursing, and at home care.

doctor and patient talking about how DHS & CAO view medicaid plans

How DHS and CAO View Your Medicaid Planning

Medicaid is the primary funding source for nursing home care. Medicare and health insurance do not cover this cost on a long term basis. Long term care insurance can but it is very expensive to purchase, many individuals do not qualify and number of insurance companies providing this coverage has dwindled in the past few years. Individuals who did in fact purchase such coverage have been dealing with increasing premiums just to keep their coverage. Finally, many individuals even outlive this coverage. The problem is that for many nursing home residents and their spouses the price of admission to receive Medical Assistance under Medicaid is impoverishment.

What Are The Average Estate Administration Fees

One of the biggest concerns for any individual considering hiring a professional to assist with estate administration is the costs involved. Depending on the services involved, whether they are simple or complex, there are three types of fees. There is a flat fee, the hourly fee, and the contingency fee.

wooden gavel laying on a blank last will and testament documents during a possible probate process

4 Simple Steps To Complete Your Probate Process

Your Probate is a term that is used in several different ways. Probate or the probate process can refer to the act of presenting a will to a court officer for filling; such as, to “probate” a will. More generally, probate refers to the method by which the estate is

Author: iqnection