Posted by Agnes Mombrun Geter | Sep 05, 2023 |
Many seniors find themselves in need of Medicaid to pay for their long-term care but are surprised to learn that their modest monthly income may disqualify them. The reason for this is that Medicaid is a “means-tested” benefit. In other words, you must not have income exceeding certain thresholds...
Posted by Agnes Mombrun Geter | Sep 03, 2023 |
A Medicaid Asset Protection Trust (MAPT) is one option a person may consider to protect their assets from Medicaid and nursing homes or long-term care.
What Is a MAPT?
A MAPT is an irrevocable trust created during your lifetime. The primary goal of a MAPT is to transfer assets to it so that Med...
Posted by Agnes Mombrun Geter | Sep 02, 2023 |
Medicaid is a state- and federally funded health program for lower-income persons of all ages. For applicants who fall into certain categories, Medicaid imposes specific rules on how much income and resources they can have and still qualify for benefits.
Each state has different rules for how mu...
Posted by Agnes Mombrun Geter | Sep 07, 2022 |
If you and your spouse are considering filing for bankruptcy and divorce in Florida, the parallel processes can be tricky as much as they can be detrimental to your unique situation. Several factors must be taken into consideration. Timing is important and can affect the complexity, costs, and ou...
Posted by Agnes Mombrun Geter | May 07, 2020 |
Considering the current pandemic, many Americans are becoming aware of the importance of creating or updating their estate planning documents. With the extension of some states' stay in place orders, it may be tempting to create your own documents all on your own. Whether you are considering writ...
Posted by Agnes Mombrun Geter | May 01, 2020 |
Many Americans spend a lot of time and effort in managing their finances. While most are worried about how the coronavirus (COVID-19) will impact their income, there is another way COVID-19 can wreak havoc on American's finances: lack of incapacity planning.
As the coronavirus continues to expa...
Posted by Agnes Mombrun Geter | Apr 23, 2020 |
News about the coronavirus is everywhere, and we have all been affected by it in some way, even if we are currently completely healthy. Although it may seem as though circumstances are spinning beyond our control, we are not powerless. There are steps we can take to protect ourselves and our fami...
Posted by Agnes Mombrun Geter | Apr 20, 2020 |
As the coronavirus continues to disrupt daily life and leave Americans uncertain of the future, you don't have to feel helpless during this pandemic. In fact, now is a great time to be proactive and plan ahead should you or a loved one fall ill. One of the most important and relatively easy thing...
Posted by Agnes Mombrun Geter | Mar 30, 2020 |
In a matter of weeks, the COVID-19 pandemic has impacted the world and forced communities to reevaluate everything. Despite the unpredictability that has accompanied this global crisis, it is not too late to implement changes to protect you, your employees, and your business. Here are some tips a...
Posted by Agnes Mombrun Geter | Mar 30, 2020 |
Your estate plan, like your home, periodically needs a thorough polishing. Your life circumstances are constantly changing, and an estate plan that perfectly met your needs a couple of years ago may now be cluttered with outdated provisions or documents. Now that Spring is here, it is the time to...
Posted by Agnes Mombrun Geter | Jan 26, 2020 |
When you sit down to create your estate plan, there are likely dozens of questions running through your mind. Who should get possession of your home? Who should run the family business? Will you create a college fund for your grandkids? What charity should you donate to? The options can be exhaus...
Posted by Agnes Mombrun Geter | Jan 25, 2020 |
Tax season is upon us, so now is a great time to make sure that you have retained all the documentation you need to back up the income, deductions, and credits listed on your small business's tax return. Keeping the proper records is not optional—it is required by the Internal Revenue Service (IR...
Posted by Agnes Mombrun Geter | Dec 02, 2019 |
According to the Small Business Administration, about 50% of all businesses are home-based. If you are one of the many owners of a home-based business, you should consider whether your home office meets the IRS requirements for the home office deduction, which is sometimes overlooked as a way to ...
Posted by Agnes Mombrun Geter | Nov 06, 2019 |
Americans are foregoing marriage more than ever before. While much of the discussion involving estate planning focuses on married couples, especially those with children, this topic is just as important for a single person or someone in a long-term/committed relationship but for whatever reason ...