What are your options to pay for long-term care? There are several common approaches for dealing with future long-term care expenses: (1) do nothing; (2) assume Medicare or Medicaid will pay for it; or (3) Insurance or other benefits to offset the costs. For risk of being the bearer of bad news, the first two…
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A Checklist for Family of Immediate Tasks After the Death of a loved One (Originally posted May 16, 2014) With my mother’s recent passing and helping my siblings identify and deal with matters as they came up, I was reminded of the checklist that I posted about 5 years ago. Because it still has relevancy…
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Consider using a limited liability company in succession planning for your cabin or vacation home? People who own cabins or vacation homes or other recreational property typically want to pass these often long-time family-owned treasures on to the next generation and beyond. The thought is that through the years family members have gathered together frequently…
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Who can make burial or cremation arrangements in Montana? One question our office occasionally is asked is who can make burial or cremation arrangements in Montana when the decedent has made no prior arrangements or had not preauthorized another person to make arrangements. Montana law has tried to clear up any burial or cremation issues…
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The Lighter Side–Everyone’s Life is a Story Worth Sharing, Even if Make-believe A couple of weeks ago, I came across a touching news item in the Washington Post that I think you may enjoy as much as I did. The link to the piece is as follows: https://www.washingtonpost.com/lifestyle/2018/10/11/daughters-hilarious-obituary-unravels-her-fathers-mysterious-life-you-have-read-end-get-it/?noredirect=on&utm_term=.dfc4cebfd0c3. You’ll want to follow the link above and…
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The 2014 Farm Bill Expired, Now What? The Farm bill covers the country’s agricultural funding, conservation efforts, and food aid. Congress passes a new farm bill every five years. The five-year timeline is triggered by sunset provisions (expiration dates) for specific programs contained in the previous bill. On September 30, 2018, the 2014 Farm Bill…
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Long-Term Care: Planning and Paying for Your Eventual Needs America’s population is living longer, and with longer lives come increasing healthcare needs. When it comes to your future long-term care needs, you have about a 50/50 chance of needing some form of care. Yet, despite the eventuality of long-term care needs, most Americans are wildly unprepared for…
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The Best and Most Practical Financial Advice for Seniors It’s hard work to reach retirement, and you want to spend that time free from financial worries. In order to live comfortably, it’s necessary to understand how you can make the most of every dollar. Here is important information about smart money management for seniors. Cut…
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The 10 commandments of retirement I came across a good, concise, article on retirement that I want to share. It was written by Richard Quinn and appeared on the Market Watch website. (See Richard Quinn, The 10 Commandments of Retirement, Market Watch, August 22, 2018.) The author reminds us that, when it comes to retirement,…
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Which Business Entity Makes The Most Sense For Your Business? We always advise you to consult with a tax advisor, certified public accountant, or business attorney before making the decision to form any business entity, but this article may give you some insight on what options are available. Factors in making this decision may include…
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