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How to Make Tax-Free Gifts to Your Children (Even If They're Adults)
March 27th, 2017
You’ve reached that wonderful time in life when your children are grown, perhaps having their own children, and you have the financial means to make their lives better and easier. There are many ways to make gifts to your children, but you want…
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Family Farms Need Asset Protection
March 13th, 2017
Family-owned farms are more than just a business. They are a source of pride and connection as well as income. Unfortunately, in recent years it has been harder and harder for family farms to keep afloat. Many family farmers are so busy with the day-…
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Life Insurance: One of the Few Remaining Tax-Free Benefits
February 27th, 2017
Life insurance allows you to make available to your heirs a significant amount of money upon your death. When life insurance benefits are paid to your designated beneficiary, they pass free of income tax. However, unless you take the proper estate an…
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What is Hospice Care and Who Pays for It?
February 13th, 2017
Hospice care is care that is focused on making sure that people in the last stages of incurable diseases are able to spend their remaining days as comfortably and meaningfully as possible. The focus is on enhancing quality of life rather than prolong…
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End-of-Life Planning is Important
January 23rd, 2017
Kenny Rogers famously crooned, “The most that you can hope for is to die in your sleep.” Unfortunately, while death comes for all of us eventually, we can’t guarantee it will come so painlessly or gently. As difficult as it is to co…
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Legacy Trusts Protect Beneficiaries From Divorce and Lawsuits
January 4th, 2017
Doctors, attorneys, and other professionals have the capacity to accumulate significant wealth as a result of their specialized and sought-after services. Unfortunately, those professionals are also vulnerable to lawsuits, when the outcome of the ser…
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Asset-Based Long-Term Care Deserves a Look
December 20th, 2016
Over 1.4 million people in the United States are in nursing homes. Our population is aging, and about 70 percent of them are expected to need long-term care at some point. Some stays will be brief. On average, care will be needed for three years, but…
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Tags: Long Term Care
The Benefits of Medicaid Asset Protection Trusts
December 15th, 2016
Ideally, we’d all have the foresight and resources to plan ahead for the possibility of nursing home care in the future. The reality, of course, is that many of us don’t have long-term care insurance, and very few people have the ability…
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Nursing Home Costs Continue to Rise!
December 7th, 2016
Nobody wants to need care in a nursing home, but the reality is that many people do. According to the Ohio Department of Aging, over 80,000 Ohio residents receive care in more than 1,000 nursing homes. Many of those who go into a nursing home are the…
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Ohio Medicaid Now Approves Medicaid Qualified Annuities—Save Thousands!
November 4th, 2016
For many older Ohio residents, nursing home care is necessary—and expensive. For those who are married, and whose spouses continue to live independently, this has created a huge financial problem. In order for the spouse in the nursing home to qual…
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