Can nursing homes take your house? Yes, under certain conditions. This article will explain when your home is at risk and how you can protect it. Key Takeaways The Medicaid Estate Recovery Program (MERP) can claim homes of deceased Medicaid recipients, highlighting the importance of understanding state-specific laws for asset protection. Proactive planning, such as […]

When someone dies, what happens to their credit card debt? If you’re handling an inheritance, understanding your responsibilities regarding credit card debt and inheritance is crucial. This article will guide you through how debts are managed, who might be held responsible, and the potential impact on the estate and beneficiaries. Key Takeaways Credit card debt […]

Are you wondering how to start your Medicaid application in Mississippi? This guide will walk you through what you need to know, including eligibility requirements, documentation needed, and the steps to submit your Medicaid application Mississippi. Navigating the Medicaid application process in Mississippi can definitely be more straightforward with the right information. Key Takeaways Understanding […]

If you are a veteran seeking veterans assistance for assisted living, this guide is for you. Learn about the key benefits available, who is eligible, and how to apply. We’ll simplify VA Pension Programs, Aid and Attendance benefits, and other essential supports. Key Takeaways The VA offers pension programs and additional benefits like Aid and […]

In Mississippi, ‘Per Stirpes’ governs how estates are divided, specifically under the principle of per stirpes Mississippi. This guide explains its meaning, legal implications, and how it ensures fair asset distribution among heirs. Key Takeaways Per Stirpes ensures estate distribution fairly among descendants, allowing those of predeceased beneficiaries to inherit their intended share. Trust agreements […]

Yes, memory care expenses can be tax deductible. The IRS allows deductions for qualified medical expenses, including memory care costs for those with Alzheimer’s or cognitive impairment. This guide will cover eligibility criteria, documentation, and how to claim these deductions. Key Takeaways Memory care expenses may qualify for tax deductions if they exceed 7.5% of […]

Wondering if you should I convert my IRA to a Roth for my disabled child? This decision involves critical factors like tax implications, long-term financial benefits, and potential impacts on government aid. This article covers everything you need to know to make an informed choice. Key Takeaways Converting a traditional IRA to a Roth IRA […]

Probate costs usually range between 4% to 7% of an estate’s value. This article explains the main expenses involved, such as attorney fees, court fees, and other related costs, including how much does it cost for probate. Key Takeaways Probate costs can range from 4% to 7% of the estate’s total value, significantly impacting beneficiaries’ […]

Need to apply for Medicaid in Mississippi? This guide will help you understand if you qualify, what documents you need, and how to complete your Medicaid application Mississippi. Learn the steps to apply online, by mail, or in person easily. Key Takeaways Eligibility for Medicaid in Mississippi is primarily based on income relative to the […]

Going through a divorce? A trust to protect assets after divorce can be essential. This article will show you how to keep your wealth safe using various types of trusts, ensuring your assets remain separate from marital property. Find out why clear language in trust documents and the role of trustees are so important for […]