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Can a Power of Attorney Transfer Money to Themselves?
The person you name as power of attorney is generally prohibited from self-gifting unless you specifically authorize the person to make gifts to themselves in the POA document. This question …
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Is Disinheriting Your Spouse Sound Medicaid Planning to Protect Assets from Nursing Home Costs?
Should you disinherit your spouse and leave assets to your children to protect money from nursing home costs? It is common for estate planners to write wills and create beneficiary …
How to be Ready to Apply for Medicaid Nursing Home Benefits, 5 Steps
Nursing home placements can occur suddenly after an unexpected medical setback. Being prepared with the following will not only make your life easier in the event of a nursing home …
Do You Remember Who is Named In Your Power of Attorney Documents?
Over time, many people tend to forget who is named to serve in their power of attorney documents. If years have gone by since you prepared your POAs, take a quick look. You might find that you need to make an update if your primary agent has died, moved away, or is no longer able or willing to take on the responsibility.